Global markets staged a smart rally on comments from Bernanke that the US would need accommodative policy. This raised the hope that quantitative easing in the US in the form of asset purchases in the US would continue.
The Shanghai Composite was the best performing Asian market rallying almost 4 per cent. Other markets that surged were the Hong Kong market with the Hang Sang gaining 2.5 per cent, Seoul Composite gaining 2.74 per cent and the Taiwan Weighted gaining 2.2 per cent.
Meanwhile, the Sensex gained 2.15 per cent led by a strong rally in Coal India, Hindalco, Sesa Goa and Bank of Baroda.
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