Sensex surges over 300 pts, Nifty hits 8200; banks soar

After the massive losses in last few days, the market has opened with a bang on Thursday. The Sensex is up 312.29 points or 1 percent at 27221.11 and the Nifty is up 89.30 points or 1 percent at 8191.40. The 50-share index touched 8200 briefly just immediately in opening. About 491 shares have advanced, 65 shares declined, and 351 shares are unchanged.

All banks are up with key gainers like SBI and ICICI BAnk. Wipro, Coal India and Tata Motors are other gainers in the Sensex.

The Indian rupee has opened at 63.20 a dollar , down 3 paise compared to previous day's closing value of Rs 63.17 a dollar.

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