Are your investments bleeding? Finally, here's some reason to cheer.

The benchmark BSE Sensex surged over 401 points today to log its first weekly gain this year and closed at 24,870.69 as investors built fresh long positions in the new derivatives series amid a firming global trend after Bank of Japan adopted a negative interest rate policy.


On a weekly basis, the Sensex recovered 435.03 points, or 1.78 per cent, and the NSE Nifty rose 141.10 points, or 1.90 per cent, snapping three straight weekly losses.

Covering up of positions by speculators, fearing a further run-up in coming sessions, also helped the key indices rise. A firming trend at other Asian markets, led by Japan, after the Bank of Japan surprised markets by announcing a negative interest rate policy, buoyed sentiment here too, brokers said.