added 1.5% to 61,519.96. Both the indexes are heading to log their fourth straight weekly gain and are up nearly 1% so far this week.
All three major U.S. stock indexes notched their biggest one-day percentage gains in about two-and-a-half years in a broad, robust rally as the Labor Department's data showed the annual consumer price index number below 8% for the first time in eight months. "We are seeing a relief rally in the IT stocks following Nasdaq's overnight jump. Inflation is cooling off but it is still above the tolerance level. Central bank policy actions will be more data dependent, going forward," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities.
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