Sensex rebounds by 128 points; Nifty reclaims 8,000-mark

Markets on Tuesday surged to over one-month highs with Sensex rising 128 points to 26,880.82 and Nifty jumping 36 points to reclaim 8,000 mark led by gains in pharma and banking shares on rising rate cut hopes and good earnings.

On Monday, Sensex  had dropped by 98.15 points or 0.37 per cent, snapping a strong five-day rally.