Sensex regains 26,000-mark |
Tracking a global recovery and aided by a rebound in oil prices, the benchmark BSE Sensex in India on April 26 rallied over 328 points as it reclaimed the 26,000-mark to close at about 4-month high of 26,007 on across-the-board buying in blue-chips.Foreign inflows continued unabated, which helped. The NSE Nifty topped the psychological 7,900.Investors got their confidence level back with a higher opening in Europe as the US Fed prepared for its latest policy meeting. Bank of Japan is also due to meet this week.Corporate earnings came as a sentiment booster as blue-chips` quarterly numbers gave market participants much to cheer about.Major Asian indices closed mixed tracking the overnight gains on the Wall Street, which made European shares rule strong in early trade. The 30-share barometer stayed in the red in early part of the session, but staged a spectacular rally to erase all the losses after all-round buying. It ended up 328.37 points, or 1.28 per cent, at 26,007.30 points — its highest closing since January 1.The broader NSE Nifty soared 107.60 points, or 1.37 per cent, to close the day at 7,962.65 after shuttling between 7,822.55 and 7,973.05.The rupee, at 66.48 (intra-day), grew stronger against the dollar.Broader markets such as the BSE mid-cap and small-cap rose 0.79 per cent and 0.68 per cent, respectively.
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