Markets rose for the third straight session on Tuesday with Sensex gaining 146 pts to end at over one-week high of 26,575.65 and Nifty jumping 48 points to regain 7,900-mark led by power, metal and banking stocks after government laid a broad roadmap for coal mine allocation.
In line with government's initiatives, stocks of Jindal Steel Power, Hindalco, Tata Steel and Sesa Sterlite attracted good buying and surged up to 7.46 per cent, pushing up Sensex.
Besides, revival of buying by foreign funds after remaining net sellers on the Indian bourses for some time was another positive factor driving up markets, brokers said.The 30-share index gathered another 145.80 points, or 0.55 per cent, to close at 26,575.65 after shuttling between 26,615.41 and 26,407.00. This is its highest closing since 26,637.28 on October 9.The BSE gauge has rallied by over 576 points in 3 days.After announcing diesel deregulation and new gas prices last week, the Modi government promulgation of an Ordinance to facilitate e-auction of coal blocks for private companies.