Sensex gains for 2nd day on strong global cues, short-covering

December 29, 2015 16:49

Markets rose for the second straight session as the benchmark BSE Sensex today gained over 45 points in a volatile trade to close at 26,079.48, led by gains in auto and banking stocks and a positive global trend.

Covering-up of short positions by speculators ahead of the December month expiry in the derivatives space accelerated the gains, traders said. Sentiment took a turn for the better after Asian and European stocks rose across the board despite losses on the Wall Street overnight.

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