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Markets rally 328 points to 4-month high of 26,007

Markets Sensex Rally Stock Market Update
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Tracking a global recovery and aided by a rebound in oil prices, the benchmark BSE Sensex on Tuesday rallied over 328 points as it reclaimed the 26,000-mark to close at about 4-month high of 26,007 on across-the-board buying in blue-chips.Foreign inflows continued unabated, which helped. 

The NSE Nifty topped the psychological 7,900.


Investors got their confidence level back with a higher opening in Europe as the US Fed prepared for its latest policy meeting, brokers said.


Bank of Japan is also due to meet this week.Corporate earnings also came as a sentiment booster as blue-chips' quarterly numbers gave market participants much to cheer about investors got their confidence level back with a higher opening in Europe as the US Fed prepared for its latest policy meeting, brokers said.


Corporate earnings came as a sentiment booster as blue-chips' quarterly numbers gave market participants much to cheer about.Major Asian indices closed mixed tracking the overnight gains on the Wall Street, which made European shares rule strong in early trade.The 30-share barometer stayed in the red in the early part of the session but staged a spectacular rally to erase all the losses after all-round buying. 


It ended up 328.37 points, or 1.28 percent, at 26,007.30 points — it's highest closing since January 1.The index has lost 201.45 points over the past two days.The broader NSE Nifty soared 107.60 points, or 1.37 percent, to close the day at 7,962.65 after shuttling between 7,822.55 and 7,973.05.

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