Market benchmark Sensex rescaled the key 28,000-mark by surging 377.33 points today on optimistic buying ahead of the RBI policy review tomorrow amid a firming rupee.
Rising for the second day, the 30-share index advanced by 1.35 per cent to close at 28,243.29 with auto, realty, healthcare, metal, capital goods and consumer durable stocks leading the gainers.
Pakistan Prime Minister’s Adviser on Foreign Affairs Sartaj Aziz ‘s comments that NSAs of India and Pakistan are in touch also raised hopes for easing geopolitical tensions, raising market sentiment.
Graphics:BSE Sensex
The index had fallen 802 points last week on volatile geopolitical situations.
Graphics:NSE Nifty
The NSE Nifty perked up 126.95 points, or 1.47 per cent, to 8,738.10.
Brokers said widening of bets by investors and funds ahead of the monetary policy review due tomorrow and heavy purchases by domestic financial institutions added to the positive mood.
Auto stocks were in the limelight amid encouraging September sales data announcement.
Among other Asian markets, Hong Kong's Hang Seng was up 1.38 per cent while Japan's Nikkei surged 1.12 per cent in early session today. Financial markets in China are closed today for a public holiday.
The US Dow Jones Industrial Average ended 0.91 per cent higher on Friday.
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