SENSEX, NIFTY SURGE 2%; BAJAJ AUTO UP 3%

The market continues to surge supported by banks, auto and realty stocks. The Sensex is up 665.49 points or 2 % at 28012.31 and the Nifty is up 199.75 points or 2.4 percent at 8477.30.
HDFC, ICICI Bank, SBI, M&M and Tata Power are top gainers in the Sensex. Bajaj Auto is up 3 percent after it posted better-than-expected December quarter results. Crude oil dipped after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply.
Shares of Maruti Suzuki hit record high at Rs 3616.40, up 3 percent intraday. Bank of America Merrill Lynch has raised target price on the auto major to Rs 4100 per share, indicating a 9 percent upside. The brokerage expects Maruti to register 34 percent earnings per share  CAGR despite lowering earnings forecasts by 6 percent in FY16 and 2 % in FY17.
The dollar nursed losses early on Thursday, having retreated across the board after a surprisingly big fall in U.S. retail sales pulled U.S. yields sharply lower
Gold ticked up on Thursday after Asian equities mostly extended falls on global growth concerns, but the metal stayed below a 12-week high as a sell-off in commodities took a toll.