Sensex jumps 123 points on firm Asian cues

At 9.15 a.m., the 30-share BSE index Sensex was up 123.77 points, or 0.72 per cent, at 17,308.78; the 50-share NSE index Nifty was up 40.40 points, or 0.77 per cent, at 5,256.70.

Asian stocks were up, as US housing starts jumped to a four-year high, boosting the outlook for company earnings in the world's biggest economy.

European stocks ended the session higher on Wednesday after lenders including Credit Suisse Group AG reported profits that beat estimates, while minutes showed the Bank of England may reconsider the case for an interest rate cut.

In the Asian region, Japan's Nikkei 225 was up 65.66 points or 0.75 per cent at 8,792.40, while Hong Kong's Hang Seng rose 322.62 points or 1.68 per cent to 19,562.50.

Source: Business Line