Dow Up will pull Indian Markets up.

US stocks rose sharply on Thursday as the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased, driving gains in major industrial and financial companies.

The Dow industrials rose nearly 2 percent after the government said strong export growth and consumer spending helped gross domestic product expand at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

That lifted the fortunes of large industrial companies. Shares of heavy equipment maker Caterpillar, often described as an economic bellwether, rose 3 percent.

The brighter economic outlook coupled with a management shake-up at top US mortgage finance company Fannie Mae boosted financial shares, which led market gains.