The Sensex headed up surging 160 points on Thursday as investors welcomed the Cabinet's decision to give 'in-principle' nod to disinvestment of Air India, a sign the government is not shying away from bold reforms. A firm trend in Asia brought risk appetite back.
Speculators went about covering their short positions in anticipation of more reforms, Thursday being the expiry of June futures and options derivative contracts. The 30-share index, which had lost 456.42 points in the previous three sessions, rose 159.85 points, or 0.51%, to 30,994.17. All sectors were in the green.