Surging for the ninth straight session, the BSE Sensex gained about 90 points to close at 34,395 today as stocks made further headway powered by normal monsoon forecast and positive trend in Europe.
This is the longest winning run since September 2014.
Sentiments remained upbeat after the Meteorological Department yesterday forecast that the country will receive "normal" monsoon rainfall this year, raising hopes of higher farm output and a boost for the rain-dependent rural economy, brokers said.
Power, realty, FMCG, consumer durables, metal, infrastructure, PSU and oil and gas and banking stocks emerged front-runners on sustained buying by participants.
However, IT, teck, healthcare and auto saw profit-booking.
Mixed trend in other Asian markets and higher opening in European shares following a positive lead from Wall Street also influenced sentiment. US stocks showed signs of consolidation as the first-quarter earnings season pointed to strong growth and geopolitical tensions appeared easing.
The 30-share Sensex opened on a strong footing and
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