Markets up for 2nd straight day; Sensex closes above 26,000-mark

Mumbai: Markets ended higher for the second straight day Wednesday, with the Sensex rising 91 points to close above the 26,000-mark on sustained buying by domestic institutions amid positive global cues.

The Sensex opened higher at 26,101.33 and advanced to the day's high of 26,130.49 on value-buying across the board and continued buying by domestic institutional investors.

But it slipped briefly into the negative terrain on emergence of profit-booking to touch a low of 25,877.16 before bouncing back to close 91.03 points, or 0.35 percent higher at 26,051.81.

The index has gained 195.64 points in yesterday's session on upbeat global cues.

The 50-share NSE Nifty ended at 8,033.30, up 31 points, or 0.39 percent, after moving between 8,055.20 and 7,973.10.