Late rally helps Sensex close 208 points up

A benchmark index for the Indian equities markets on Thursday shot up in late trade to close 208 points higher, building on the previous session's rally.

A benchmark index for the Indian equities markets on Thursday shot up in late trade to close 208 points higher, building on the previous session's rally.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,837.76 points, closed at 16,918.11 points, up 208.51 points or 1.25% from its previous close at 16,709.6 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange too ended higher at 5,089.15 points, up 1.53%.

The rally comes a day before the Reserve Bank of India takes a call on raising interest rates when it meets Friday to review the monetary policy.

Broader markets, however, ended on a dull note. The BSE midcap index closed 0.17% up, the BSE smallcap index closed 0.1% up while the BSE 100 ended 0.15% higher.