Sensex soars over 250 points; Tata Motors gains 4%

Indian markets witnessed a strong bounce back Wednesday, with the BSE Sensex rising nearly 300 points after days of bearishness. The Nifty index neared the 4,950 mark.Markets in Asia traded higher and the rupee held on to the gains, helping sentiments on the Street. The rupee traded 18 paise higher against the dollar at 55.46 at 10.55 a.m. The Sensex was up 270 points or 1.7% at 16,290, while the Nifty gained 82 points to 4,945. Bank...