Sensex climbs 241 points; Nifty over 8,250

All sectoral indices led by metal, auto, realty and banking were in the positive zone, rising up to 1.05 per cent.

The Sensex surged about 241 points in early trade, with Brexit fears slowly starting to subside amid June derivatives expiry.

The rupee’s improving fortunes against the U.S. dollar buoyed the mood too. On Wednesday, a string of economy-boosting policy decisions taken by the Cabinet, including approval to seventh pay panel recommendations, also brought back investors from the sidelines.

The 30-share index was trading higher by 240.72 points, or 0.90 per cent, at 26,981.11. The gauge had gained 342.68 points in the previous three sessions.

All sectoral indices led by metal, auto, realty and banking were in the positive zone, rising up to 1.05 per cent.

The Nifty rose 64.60 points, or 0.78 per cent, to 8,268.60.

Globally, Japan’s Nikkei moved up by 0.82 per cent while Hong Kong’s Hang Seng gained 1.73 per cent in early trade. The U.S. Dow Jones Industrial Average ended 1.64 per cent higher on Wednesday.