Zee Media Bureau
The benchmark BSE Sensex reclaimed 27K-level in mid-session trade Friday by climbing over 500 points on government's decision to refer MAT issue to a high-level committee.
Moreover, recovery in rupee against the dollar and a firming trend in global markets too boosted sentiments.
Snapping its three-day losing streak, the Sensex recovered sharply by 497.94 points or 1.87 percent to 27,097 after moving in range of 26,814.38 - 27,109.63.
The gauge had lost 891.48 points in the past three days.
The 50-share NSE Nifty regained the 8,100-mark by rising 136.45 points or 1.69 percent to 8,193.75.
Brokers said sentiments were buoyed after Finance Minister Arun Jaitley yesterday announced that a high-level committee will look into the controversial issue of Minimum Alternative Tax (MAT).
Meanwhile, London`s stock market surged at the start of trading today as Prime Minister David Cameron`s Conservatives looked set for a surprise victory in Britain`s general election.
The benchmark FTSE 100 index rallied in initial deals, up 1.88 percent to 7,016.07 points.
In other Asian markets, Hong Kong's Hang Seng was up by 0.90 percent, while Japan's Nikkei gained 0.31 percent.
The US Dow Jones ended 0.46 percent higher in yesterday's trade.
With Agency Inputs
