Mumbai, May 28: Markets rose for the third day in a row today with the BSE benchmark index Sensex surging by nearly 200 points on renewed buying amid strong global cues.
The 30-share index of the Bombay Stock Exchange finished the day by 196.66 points, or 1.18 per cent, at 16,863.06 points — the best closing since May 18.
Despite a highly volatile week, the Sensex recored a net gain of 2.53 per cent during the period on the back a strong recovery in the past three days. In the past three sessions, the barometer has gained over 5 per cent.
The wide-based 50-share Nifty index of the National Stock Exchange too climbed 1.27 per cent to end at 5,066.55 points.
“Though confidence in market has not returned fully, positive cues from across the globe helped hectic buying here.
–Agencies