Sensex goes up 211 pts as Jan futures and options series takes off

Mumbai: Stock market got off to a positive start in the final trading session of 2016, with the benchmark Sensex surging 211 points to 26,577 on widespread gains amid further strength in the rupee.

In addition, the beginning of January series in the futures and options (F&O) space accelerated buying by participants, which supported the upside.

The rupee was quoting higher by 16 paise against the dollar at 67.94 in early trade.

The 30-share index rose 210.62 points, or 0.80 per cent, to 26,576.77, with all the sectoral indices led by FMCG, power, banking and capital goods leading the rally.