With rebound in crude oil prices as well as strong numbers in the fourth quarter corporate results along with expectations of further economic reforms in the third year of the Modi Government, market sprinted for the third straight session as the Sensex on Thursday gained over 485 points to 26,367 nearly a seven-month high on Dalal Street.
Improvement in March quarter numbers on the last leg of the earnings season showed that the economy is gaining traction, which buoyed sentiment further.
Oil broke past the $50 per barrel for the first time this year after data showed US crude inventory declined, which kept Asian markets in good spirits.