Sensex rallies over 150 points, above 26,000; Nifty above 7,850; GAIL gains 4%

The S&P BSE Sensex rallied over 150 points after a tepid start on Friday tracking mixed trend seen in other Asian markets.

The Nifty50 also traded above its crucial psychological level of 7,850.

The broader market mirrored the gains seen on the benchmark indices with the BSE midcap and BSE smallcap indices rising 0.7 and 0.8 per cent, respectively.

Among the sectoral indices, the BSE Oil & Gas index was the top gainer, up 1.9 per cent. The sentiment on the Street remained positive with six of every ten BSE stocks trading in the green.

Sensex: 26,039.53, up 198 points; Nifty: 7,903.50, up 61 points

Top Gainers:

GAIL (11.7%), BAJAJ AUTO (2.8%), VEDANTA LTD (2.4%), WIPRO (2.2%), TCS (2.1%)

Top Losers:

SUN PHARMABSE -1.78 % (1.7%), ITCBSE -1.48 % LTD (1.1%), HINDALCO (0.4%), AXIS BANK (0.4%), TATA MOTORSBSE -0.86 % (0.3%)

WHAT TOP EXPERTS ARE SAYING:

Maintain Neutral on Dr Reddy's Lab; set target of Rs 4,000: Credit Suisse

Maintain Buy on Infosys; set target of Rs 1,325: BofA ML

Strong support for Nifty50 seen at 7,700; hold on to long positions: Mitesh Thacker