The Sensex on Friday recovered 109 points to reclaim 26,000 mark on gains in banking, capital goods and consumer durable shares on hopes that state election results would give a much-needed boost to economic reforms.
Exit polls have predicted BJP would gain majority in recently-held Maharashtra and Haryana assembly polls. Brokers say this would improve Centre-State co-ordination and consolidate BJP's position in Rajya Sabha, a key factor to push major reforms.
Smart rise in HDFC Bank, ICICI Bank, HDFC, l&T, SBI, M&M, Axis Bank, Hero MotoCorp, RIl and Bharti