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Sensex regains 26,000-level, Nifty inches close to 8,000-mark
Continuing its climb for the sixth straight session, the benchmark Sensex reclaimed 26,000-mark by surging over 200 points in early trade Thursday as investors built more bets amid increased foreign fund inflows.
Zee Media Bureau
Continuing its climb for the sixth straight session, the benchmark Sensex reclaimed 26,000-mark by surging over 200 points in early trade Thursday as investors built more bets amid increased foreign fund inflows.
The 30-share barometer last quoted higher by 222.35 points or 0.86 percent to 26,066.53 after moving in range of 26,080.07- 25,965.14.
Also, the NSE Nifty was trading higher by 58.45 points, or 0.74 percent, at 7,973.20.
Brokers said sustained buying by investors, foreign capital inflows, an 'above-normal' monsoon forecast this year and better-than-expected earnings all bolstered sentiment.
Asian shares held near 5-1/2-month highs today as oil prices rallied over 4 percent overnight thanks to a smaller than expected increase in US crude inventories and abiding hopes that producers may eventually agree ways to ease a global glut.
MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent while Japan`s Nikkei gained 2 percent. Australian shares rose 0.9 percent and Hong Kong`s Hang Seng added 1.5 percent. Shanghai was little changed.
Wall Street shares ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports. The S&P 500 gained 0.08 percent to 2,102.4, and had gained 15 percent since mid-February.