Sensex regains 26,000-level, climbs 219 points on firm global cues
Meanwhile, Wipro's shares were down over 6% after the IT major posted muted Q4 results.
Market benchmark Sensex recaptured the crucial 26,000-mark by climbing over 219 points in early trade on Thursday as investors engaged in widening their bets amid firm global cues.
The 30-share barometer advanced by 219.02 points or 0.855 to 26,063.20. The gauge gained 1,170.34 points in the previous five sessions.
Also, the NSE Nifty shot up by 53.15 points or 0.67% to 7,967.90.
Prominent gainers were ICICI Bank, SBI, Tata Motors, GAIL, Axis Bank, Tata Steel, ONGC, HDFC Ltd, Adani Ports, BHEL, Coal India, NTPC and RIl, surging by up to 5.40%.
However, share of Wipro plunged 6.22% to Rs 563.95 after company said its consolidated net profit dipped 1.6 per cent to Rs 2,235 crore for the quarter ended March 31.
Brokers said investors have been widening bets due to positive macroeconomic data and above-normal monsoon forecast.
Moreover, a firm trend in other Asian markets following a strong performance on Wall Street and rebound in oil prices, influenced sentiment here.
In regional markets, Hong Kong's Hang Seng was up 1.69% while Japan's Nikkei gained 1.95% in early trade today. Shanghai Composite was trading 0.17% higher.
The US Dow Jones Industrial Average ended 0.24% higher in Wednesday's trade.