Sensex surges 485.51 points |
The Sensex surged 485.51 points to end at 26,366.68 on May 26 thanks to better than expected earnings from some domestic companies and a rise in global crude prices.The Nifty soared 134.75 points to close at 8,069.65.A strong rupee, a forecast of better than average monsoon and the Chabahar port deal with Iran also buoyed sentiment.The barometer 30-scrip Sensex of the BSE was trading at 26,366.68 points (at 3.42 pm) - up 485.51 points or 1.88 per cent from the previous close of 25,881.17 points."Positive global cues, rise in crude oil prices, and a strong rupee helped the buying momentum to continue.Larsen & Toubro and Gail India Ltd. reported quarterly profits that exceeded analsyts` expectations.
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