he Sensex has zoomed by 1,433 points during this period. Experts are attributing renewed buying interest by foreign portfolio investors to Arun Jaitley's US visit.

"Finance Ministers drive to sell India-story to foreign investors has provided additional momentum to the recent rally," said Vinod Nair, Head-Fundamental Research of Geojit BNP Paribas Financial Services.

Foreign portfolio investors (FPIs) bought shares worth Rs 651.31 crore yesterday. On the day, the BSE Sensex resumed higher at 27,760.11, but slipped into negative terrain briefly as profit-booking emerged at higher levels. However, it bounced back to hit a high of 27,882.66, before settling at 27,804.37, a gain of 74.16 points or 0.27 percent.

The NSE Nifty ended with a gain of 28.45 points or 0.34 percent at 8,381.55 after shuttling between 8,398.45 and 8,334.95. Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity, traders added.

"Tailwinds like good development to monsoon till date, better CPI numbers and increase in MSP has improved domestic sentiment," Nair stated. Globally, Asian and European stocks edged higher on hopes that Greece will strike a deal with its creditors to avert bankruptcy.

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