Markets saw a big pullback rally today, with the Sensex logging its biggest single-day gain of over 406 points in nearly three weeks and gold rebounding from an 11-month low, but the rupee struck a discordant note as it weakened to breach the 68-mark against the dollar.


The rally helped the broader Nifty get past the psychological 8,000 level.


The rally helped the broader Nifty get past the psychological 8,000 level. Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy. He has also sought to allay market fears that the government has no intention to impose tax on long-term capital gains on stock earnings. The flagship BSE Sensex after a positive start continued its climb on increased buying activity and closed at 26,213.44, up 406.34 points, or 1.57 per cent. Today's gain is the biggest single-day rise since December 8 when the 30-share barometer had jumped 457.41 points.