Sensex zooms over 438 points; Nifty reclaims 7,700-mark

Zee Media Bureau

The benchmark BSE Sensex surged over 438 points Wednesday on the back of a rally in bank, realty, healthcare, auto and capital goods sector stocks amid a firming trend overseas.

The 50-share NSE Nifty reclaimed the 7,700-level by gaining 138.20 points to 7,735.20.

After falling over 437 points in the past two sessions, the 30-share Sensex spurted by 438.12 points to end at 25,338.58.

Brokers said fresh spell of buying by investors and foreign funds, triggered by a firming trend in global markets, after the US Federal Reserve Chair Janet Yellen signalled that a rate hike was not likely to come before June, helped the key indices to regain their crucial levels.

Besides, hopes of a rate cut by the RBI at its monetary policy review on April 5 accelerated buying activity, they added.

The US Dow Jones Industrial Average ended 0.56 percent higher in yesterday's trade.