Markets gained for the fourth straight session with Nifty settling above the 8,150 levels comfortably supported by sustained buying across the board especially the index heavyweights like RIL, Infosys and HDFC. Above-normal monsoon forecast, better than expected Q4 numbers and strength in rupee bolstered the rally
The S&P BSE Sensex soared 287 points to end at 26,653 and Nifty50 surged 87 points to end at 8,157. Nifty50 closed at highest mark since Oct 29, 2015. In broader markets, BSE Midcap index outperformed the larger peers and ended up 1.3%, however BSE Smallcap index under-performed and gained 0.6%.