Sensex rises 102 pts on Europe cues

Domestic stocks took on more strength on cues from Europe as Sensex rallied 102 points to hit a three-week high of 28,179 ahead of a meeting between the government and banks on bad loans. But caution set in after some key banks are due to announce their results from Tuesday. The global markets ruled higher on Monday on expectations that China will unveil fresh economy-boosting measures. Buying across the board led by oil and gas, banks and automobile, carried forward the momentum. The 30-share Sensex opened higher and settled at 28,179, a gain of 102 points, or 0.4 per cent. The index had lost 53 points on Friday due to heightened bets of a US central bank increasing the borrowing rates.