A late surge in buying after a session otherwise marked by lackadaisical trade pushed the benchmark S&P BSE Sensex today up by 158 points to a one-week high as investors awaited a decision by the US Federal Reserve on tapering its stimulus programme.
Early gains in European stocks and share purchases by foreign funds also kept the market tempo upbeat for the third day in a row.
The 30-share index resumed higher than Tuesdays close of 19,804.03 and moved between 19,775.29 and 20,013.33 for most of the day before ending at 19,962.16,a gain of 158.13 points or 0.8 per cent. This is the highest closing since 19,997.45 on September 11. The broader CNX Nifty index on the National Stock Exchange firmed up by 49.25 points,or 0.84 per cent,to 5,899.45.
Meanwhile,the rupee today closed just one paise lower at 63.38 against the dollar,the narrowest movement in four months. The local currency resumed weak at 63.45 a dollar from the previous close of 63.37 at the interbank foreign exchange market and dropped to a low of 63.46.