The benchmark BSE Sensex reclaimed the crucial 26,000-mark by jumping over 300 points, and the NSE Nifty was trading above the 7,900-level in the afternoon trade on a flurry of buying by investors amid a firm trend overseas ahead of the Fed’s rate decision this week.
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The 30-share index jumped 300.82 points or 1.17 per cent to trade at over two-week high of 26,006.75 in the afternoon trade.
Also, the 50-share NSE Nifty recaptured the psychological 7,900-mark by surging 84.80 points or 1.08 per cent to 7,913.90.
Top five Sensex gainers were Bharti Airtel (+3.03%), Bajaj Auto (+2.85%), Axis Bank (+2.38%), Hero MotoCorp (+2.35%) and VEDL (+2.22%), while the major losers were BHEL (-0.66%), L&T (-0.38%) and Dr Reddy's (-0.16%).
Sentiment was upbeat as investors widened bets tracking a firm trend in other Asian bourses, with Shanghai stocks closing up 4.89 per cent, as investors returned to the market amid speculation of state-led buying, brokers said.
Besides, a higher opening in the European markets ahead of the crucial two-day US Federal Reserve meet starting today, buoyed the sentiment here, they added.
(With Agency inputs)