Dovish comments from a Fed official on the central bank's inflation target also helped soothe frayed nerves on Wall Street following Wednesday's crash.
Dovish comments from a Fed official on the central bank's inflation target also helped soothe frayed nerves on Wall Street following Wednesday's crash.
The Dow Jones Industrial Average gained 227.64 points, or 1.4%, to end at 16,379.05.
The S&P 500 index climbed 31.56 points, or 1.7%, to close at 1,921.84.
The energy sector jumped 4.5%, while the healthcare and technology sectors were up 2.7% and 2%, respectively.
Meanwhile, the Nasdaq Composite rose by 88.94 points, or 2%, to finish at 4,615.00.
Nymex crude-oil futures rose by 2.4% to end at US$31.20 a barrel.
Meanwhile, St. Louis Fed President James Bullard’s said that reaching the inflation target will take longer - meaning the Fed won't be in a hurry to raise rates.
| Company | Price in USD | % Change |
| Tata Motors | 26.08 | -2.10% |
| Infosys | 17.85 | 8.40% |
| Wipro | 11.35 | 2.53% |
| Dr Reddy's | 43.82 | 1.41% |
| HDFC Bank | 58.72 | -1.46% |
| ICICI Bank | 6.96 | -0.14% |
| Sify | 1.02 | 6.26% |
| Rediff | 0.66 | 6.45% |
| Vedanta | 4.81 | 3.00% |
| MakeMyTrip | 20.99 | 1.70% |
| WNS | 27.44 | 4.97% |
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