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The S&P BSE Sensex jumped 300 points on Wednesday to snap a three-week losing streak, led by gains in pharmaceutical stocks such as Sun Pharmaceutical IndustriesBSE 5.51 % and Ranbaxy LaboratoriesBSE 5.63 % ahead of the latter's merger with the former.
The Sensex rallied 2.92 per cent or 801.50 points for the week to post its biggest weekly gains since week ended January 23, Reuters reported. The 50-share Nifty index gained 2.94 per cent or 244.85 points in the same period.
The market will remain closed on Thursday, April 2, on account of Mahavir Jayanti and on Friday, April 3, for Good Friday.
According to experts, the upcoming January-March earnings and Reserve Bank of India's policy review on April 7 would be the next key trigger for the market.
The 30-share index closed at 28,260.14, up 302.65 points or 1.08 per cent. It touched a high of 28,298.34 and a low of 27,889.02 in trade today.
The Nifty ended at 8586.25 up 95.25 points or 1.12 per cent. It touched a high of 8603.40 and a low of 8464.75 in trade today.
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