Sensex jumps over 250 pts, Nifty above 9700; pharma & IT stocks rally

Europe trade: The markets in Europe opened higher, extending gains seen across the US and Asia.

The pan-European Stoxx 600 was firmly in the black, with all sectors and major bourses trading in positive territory.

Finance ministry sources told CNBC-TV18 that the Department of Economic Affairs has asked the NSE to submit a report on the technical glitch.

SEBI issued notification, saying National Stock Exchange of India, (NSE) stopped trading this morning, reportedly, due to “technical glitch”. SEBI is in touch with NSE and is closely monitoring the situation.

Normal Trade at NSE begins: The 50-share NSE Nifty was up 62.65 points or 0.65 percent at 9,728.45 while the 30-share BSE Sensex rose 266.62 points or 0.85 percent to 31,627.25.

Market Update: Equity benchmarks maintained morning gains, with the Sensex rising 252.92 points or 0.81 percent to 31,613.55.

About 1,479 shares advanced against 885 declining shares on the BSE.

Meanwhile, the pre-opening session at NSE resumed, with the Nifty up 47.50 points or 0.49 percent at 9,713.30.