Sensex gains 310 points, reclaims 26,000-level

The BSE Sensex rose about one per cent on Tuesday, approaching its record high earlier this month, after telecom stocks surged following Idea Cellular's better than expected earnings while stronger Asian shares also bolstered sentiment. The BSE Sensex gained for the sixth consecutive session, helped by buying from foreign investors.

The benchmark BSE Sensex rose 1.21 per cent, or 310.63 points, to end at 26,025.80, closing above the psychologically important 26,000 level.

The broader Nifty rose 1.1 per cent, or 83.65 points, to end at 7,767.85.

The index is not too far from its record high of 7,808.85 hit on July 8, a couple of days before the new government's maiden Budget.