FPI buying spree, positive global cues push Sensex past 48,000

The Sensex crossed the 48,000-milestone on Monday for the first time, amid strong strong cues from overseas markets and expectations of good quarterly results. The 30-share index soared 308 points, or 0.64 per cent, to close at 48,176.80 and the Nifty50 gained 114 points, or 0.82 per cent, to 14,132.90 on buying support by foreign investors.

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