Sensex rallies over 300 pts, Nifty tops 11,150; RIL, financials lead gainers

Domestic equity benchmark Sensex rallied over 300 points in opening session on Wednesday led by gains in Reliance Industries, ICICI Bank, Axis Bank and Kotak Bank amid positive cues from global markets and sustained foreign fund inflow. The BSE Sensex was trading 314.47 points or 0.83 per cent higher at 38,002.38; while the NSE Nifty was up 88.70 points or 0.80 per cent at 11,183.95.