Sensex reclaims 28,000-mark, climbs over 300 points ahead of monetary policy announcement

Rising for the second day, the 30-share index advanced 160.79 points, or 0.57 percent, to 28,026.75, with auto, realty, healthcare, metal, capital goods and consumer durable stocks leading the gainers.

Zee Media Bureau

New Delhi: Market benchmark Sensex reclaimed the key 28,000-mark by surging over 300 points in mid-session trade Monday on optimistic buying ahead of the RBI monetary policy announcement tomorrow amid a firming rupee.

Firm Asian cues on easing fears about future of German giant Deutsche Bank also gave sentiment here a leg-up.

Rising for the second day, the 30-share index advanced 315.10 points, or 1.13 percent, to 28,181.06 after moving in range of 28,217.63-27,919.89. The gauge had gained 38.43 points in the previous volatile session on Friday.

The rupee strengthened by 13 paise against the dollar to 66.48 in early trade in the forex market.

The NSE Nifty perked up 106.40 points, or 1.24 percent, to 8,717.55.

Brokers said widening of bets by investors and funds ahead of the monetary policy announcement due tomorrow and heavy purchases by domestic financial institutions added to the positive mood.

Among other Asian markets, Hong Kong's Hang Seng was up 1.38 percent while Japan's Nikkei surged 1.12 percent in early session today. Financial markets in China are closed today for a public holiday.

The US Dow Jones Industrial Average ended 0.91 percent higher on Friday.

With PTI Inputs