Key benchmark indices extended gains in late trade to scale one-week highs on firm global stocks. The market advanced for the second day in a row as the government's decision on Sunday, 1 January 2012, to allow qualified foreign investors to invest directly in local equities, boosted sentiment. The barometer index, BSE Sensex, was provisionally up 405.67 points or 2.61%, up about 285 points from the day's low and off close to 50 points from the day's high. The market breadth was strong.
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