Buying ahead of the earnings season, which begins next week with Infosys scheduled to report second quarter numbers on Monday, also buoyed market sentiments.
    
Minutes of the last Federal Reserve meeting released yesterday showed that officials were largely hesitant to hike rates for the first time in nearly a decade due to worries about global economy.
    
On the back of strong showing in other Asian markets, the 30-share BSE Sensex opened higher at 26,974.92 and hovered in a range of 27,200.44 to 26,910.59 before concluding at 27,079.51 -- showing a gain of 233.70 points or 0.87 percent.
    
Yesterday, the Sensex dipped for the time in seven days after losing 190.04 points as participants locked-in gains in blue-chip stocks.
    
In early trade, after recapturing the 8,200-mark, the 50-share NSE Nifty touched a high of 8,232.20, but on profit- taking at higher levels, it slipped to close at 8,189.70, still up by 60.35 points or 0.74 percent.
    
On weekly basis, both Sensex and Nifty surged 858.56 points (3.278 pc) and 238.80 points (3 pc), respectively – indexes second straight weekly rise.
    
Recovery in Sensex was supported by gains in Vedanta that zoomed 11.58 percent, while Tata Steel surged 4.26 percent.
    
Shares of housing finance firms gained as much as 9.69 percent after Reserve Bank allowed lenders to offer loans up to 90 percent for properties that cost up to Rs 30 lakh.

 

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