<p>Logging its first weekly rise in four weeks, the benchmark BSE Sensex today surged by 200 points to 27,316.17, driven by value-buying in auto and bank stocks as above-normal monsoon so far eased drought fears.<br /><br /></p>.<p>Furthermore, rupee strengthening by 18 paise against dollar also supported the upside.<br /><br />"India has got better than expected monsoon, CPI numbers and increase in MSP," said Vinod Nair, Head-Fundamental Research of Geojit BNP Paribas Financial Services.<br />Meanwhile, despite rains, both BSE and the NSE witnessed normal trading.<br /><br />"BSE volumes were normal today. Markets functioned well despite low attendance in broker offices in Mumbai due to pan-Indian nature of BSE market," an BSE official said.<br /><br />National Stock Exchange's spokesperson said: "Trading happened normally at NSE today. Volume in some segment was higher than this month's average."<br />Meanwhile, driven by market rally, the market valuation of listed companies at BSE regained the Rs 100 lakh crore-mark.<br /><br />Besides, Geojit's Head of Research Alex Mathews said the rise was by driven "selective buying ahead of the F&O expiry helped the market to recover".<br /><br />Rising for the sixth straight day, the 30-share index opened higher and gathered momentum on continued buying to touch high of 27,404.60.<br /><br />It gave up some gains at the fag-end on profit-booking, settling higher by 200.34 points or 0.74 per cent higher at 27,316.17.<br /><br />The 50-share Nifty breached the 8,200-mark by surging 50.35 points or 0.62 per cent to close at 8,224.95.<br /><br />On weekly basis, Sensex and Nifty has gone up by 890.83 points and 242.05 points, respectively, snapping their three-week losing streak.<br /><br />Experts are also attributing today's rise to dovish stance of US Federal Reserve.<br /><br />In a two-day monetary policy meet concluded on Wednesday, the US Federal Reserve Chairwoman Janet Yellen left key interest rates unchanged near zero.<br /><br />Sectorwise, BSE oil&gas gained the most by surging 1.11 per cent, followed by bankex 0.86 per cent, FMCG 0.75 per cent, PSU 0.72 per cent and auto 0.60 per cent.<br /><br />In overseas markets, Asian markets ended higher and European stocks climbed in their opening trade.</p>
<p>Logging its first weekly rise in four weeks, the benchmark BSE Sensex today surged by 200 points to 27,316.17, driven by value-buying in auto and bank stocks as above-normal monsoon so far eased drought fears.<br /><br /></p>.<p>Furthermore, rupee strengthening by 18 paise against dollar also supported the upside.<br /><br />"India has got better than expected monsoon, CPI numbers and increase in MSP," said Vinod Nair, Head-Fundamental Research of Geojit BNP Paribas Financial Services.<br />Meanwhile, despite rains, both BSE and the NSE witnessed normal trading.<br /><br />"BSE volumes were normal today. Markets functioned well despite low attendance in broker offices in Mumbai due to pan-Indian nature of BSE market," an BSE official said.<br /><br />National Stock Exchange's spokesperson said: "Trading happened normally at NSE today. Volume in some segment was higher than this month's average."<br />Meanwhile, driven by market rally, the market valuation of listed companies at BSE regained the Rs 100 lakh crore-mark.<br /><br />Besides, Geojit's Head of Research Alex Mathews said the rise was by driven "selective buying ahead of the F&O expiry helped the market to recover".<br /><br />Rising for the sixth straight day, the 30-share index opened higher and gathered momentum on continued buying to touch high of 27,404.60.<br /><br />It gave up some gains at the fag-end on profit-booking, settling higher by 200.34 points or 0.74 per cent higher at 27,316.17.<br /><br />The 50-share Nifty breached the 8,200-mark by surging 50.35 points or 0.62 per cent to close at 8,224.95.<br /><br />On weekly basis, Sensex and Nifty has gone up by 890.83 points and 242.05 points, respectively, snapping their three-week losing streak.<br /><br />Experts are also attributing today's rise to dovish stance of US Federal Reserve.<br /><br />In a two-day monetary policy meet concluded on Wednesday, the US Federal Reserve Chairwoman Janet Yellen left key interest rates unchanged near zero.<br /><br />Sectorwise, BSE oil&gas gained the most by surging 1.11 per cent, followed by bankex 0.86 per cent, FMCG 0.75 per cent, PSU 0.72 per cent and auto 0.60 per cent.<br /><br />In overseas markets, Asian markets ended higher and European stocks climbed in their opening trade.</p>