<p>Snapping its six-day losing streak, the benchmark BSE Sensex today surged 359 points to recover from near eight months low to 26,840.50 on value-buying as MSCI deferred inclusion of China A shares in its index.<br /><br /></p>.<p>Moreover, rupee's recovery against dollar to Rs 63.78 (intra-day), too boosted sentiment.<br />The Sensex opened on a strong footing at 26,517.32 and continued its upward trend to hit day's high of 26,934.74 on across-the-board value buying in blue-chips.<br /><br />However, due to profit-booking at higher levels, the index slipped at the fag-end and closed 359.25 points or 1.36 per cent higher at 26,840.50.<br /><br />The gauge had lost 1,367.74 points in previous six days.<br /><br />Brokers said apart from value buying, MSCI deferring inclusion of China stocks to its benchmark indices, rather opting to sort out regulatory issues, bolstered trading sentiments.<br /><br />Stocks of BHEL emerged top gainers among 30-Sensex stocks by surging 4.21 per cent to Rs 251.40, followed by Wipro 3.60 per cent to Rs 563.30.<br /><br />The 50-share NSE Nifty halted its seven-session falling trend and reclaimed the 8,100-mark by surging 102.05 points or 1.27 per cent to close at 8,124.45.<br /><br />Other gainers on the Sensex included, Bajaj Auto 3.08 per cent, RIL 2.49 per cent, L&T 2.37 per cent, Tata Power 2.22 per cent, ICICI Bank 1.85 per cent, Infosys 1.69 per cent, TCS 1.72 per cent and Tata Motors 1.40 per cent.<br /><br />Stocks of sugar companies were back in the limelight after the government today approved Rs 6,000 crore interest-free loan to sugar mills to help them clear partly cane price arrears to farmers that has touched about Rs 21,000 crore.<br /><br />Meanwhile, foreign investors sold shares worth Rs 645.02 crore yesterday as per provisional data.<br /><br />Sectorally, the BSE IT gained the most by surging 2.08 per cent, followed by capital goods 2.04 per cent, auto 1.82 per cent, oil&gas 1.33 per cent and bankex 1.26 per cent.<br /><br />Tracking overall trends, broader markets were also in better shape with BSE small-cap index rising 1.11 per cent and mid-cap index gaining 1.08 per cent.<br /><br />Globally, a weak trend was seen in other Asian markets and higher opening in European markets. <br /></p>
<p>Snapping its six-day losing streak, the benchmark BSE Sensex today surged 359 points to recover from near eight months low to 26,840.50 on value-buying as MSCI deferred inclusion of China A shares in its index.<br /><br /></p>.<p>Moreover, rupee's recovery against dollar to Rs 63.78 (intra-day), too boosted sentiment.<br />The Sensex opened on a strong footing at 26,517.32 and continued its upward trend to hit day's high of 26,934.74 on across-the-board value buying in blue-chips.<br /><br />However, due to profit-booking at higher levels, the index slipped at the fag-end and closed 359.25 points or 1.36 per cent higher at 26,840.50.<br /><br />The gauge had lost 1,367.74 points in previous six days.<br /><br />Brokers said apart from value buying, MSCI deferring inclusion of China stocks to its benchmark indices, rather opting to sort out regulatory issues, bolstered trading sentiments.<br /><br />Stocks of BHEL emerged top gainers among 30-Sensex stocks by surging 4.21 per cent to Rs 251.40, followed by Wipro 3.60 per cent to Rs 563.30.<br /><br />The 50-share NSE Nifty halted its seven-session falling trend and reclaimed the 8,100-mark by surging 102.05 points or 1.27 per cent to close at 8,124.45.<br /><br />Other gainers on the Sensex included, Bajaj Auto 3.08 per cent, RIL 2.49 per cent, L&T 2.37 per cent, Tata Power 2.22 per cent, ICICI Bank 1.85 per cent, Infosys 1.69 per cent, TCS 1.72 per cent and Tata Motors 1.40 per cent.<br /><br />Stocks of sugar companies were back in the limelight after the government today approved Rs 6,000 crore interest-free loan to sugar mills to help them clear partly cane price arrears to farmers that has touched about Rs 21,000 crore.<br /><br />Meanwhile, foreign investors sold shares worth Rs 645.02 crore yesterday as per provisional data.<br /><br />Sectorally, the BSE IT gained the most by surging 2.08 per cent, followed by capital goods 2.04 per cent, auto 1.82 per cent, oil&gas 1.33 per cent and bankex 1.26 per cent.<br /><br />Tracking overall trends, broader markets were also in better shape with BSE small-cap index rising 1.11 per cent and mid-cap index gaining 1.08 per cent.<br /><br />Globally, a weak trend was seen in other Asian markets and higher opening in European markets. <br /></p>