Indian Stock Markets soars on good monsoon and Greece debt crisis meet. Sensex closes with gains for the seventh straight day, Financial and IT companies stock shines as rupee firms up.

Rising for the seventh straight session, the benchmark BSE Sensex today surged by 414 points to 27,730.21 on rally in realty and banks shares as above normal monsoon reignited hopes of an RBI rate-cut.

The broader 50-issue NSE Nifty reclaimed 8,300-mark to hit a intra-day peak at 8,369.45 and settled at 8,353.10, showing a significant rise of 128.15 points or 1.56 per cent.