SENSEX RECORDS
BIGGEST GAIN IN 4 YEARS
A host of positive factors such as sustained
gains in the rupee and easing tensions over Syria kept the stock markets upbeat
for the fourth session today with the benchmark S&P BSE Sensex zooming 727
points, the most in more than four years. All sectoral indices gained, led by
auto, capital goods and FMCG stocks. The top Sensex winners were Tata Motors,
Bharti Airtel, Hero MotoCorp and Larsen and Toubro. Apart from the rupee's
gains, investors were buoyed by trade data that showed exports on the uptick
for the second straight month in August, a revival in car sales last month and
a cut in the floor price for auctioning telecom spectrum. The 30-share Sensex
resumed on a strong note as Asian stocks rose, triggered by a rally on Wall
Street yesterday. The index breached the 20,000 mark for the first time since
July 25, before settling at 19,997.10, higher by 727.04 points or 3.77 per
cent. It was the biggest gain in absolute terms since the Sensex surged
2,110.79 points, or 17.34 per cent, on May 18, 2009, when the UPA government
came to power. The NSE Nifty index jumped 216.35 points, or 3.81 per cent, to
5,896.75, after touching 5,904.85. MCX-SX's SX40 index ended at 11,849.66, up
458.1 points or 4.02 per cent.
BIGGEST GAIN IN 4 YEARS
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