Sensex ends 283 points up:Sensex,Nifty highest close in nearly 2-1/2 weeks
The benchmark BSE index gained 1.06 percent while the NSE index rose 1.03 percent, marking their highest close since June 2.
The S&P BSE Index closed the day 283 points up at 27,115 after rallying as much as 330 points in intraday trade led by a surge in index heavyweight Reliance Industries for a fifth day, on optimism the company would begin 4G phone services in December.
The braoder 50-share Nifty ended the session 8,174 points up at 83 after reclaiming its crucial psychological level of 8,150.
24 of 30 stocks on BSE closed the day in green.
RIL led the gainers on Sensex, ending the day over/about 5.4 per cent up.
The Volatility Index (VIX) plunged nearly 5 per cent in intraday trade indicating the sustained nature of the bullish market.
Global markets saw a slump today as China’s Shanghai Composite Index cracked nearly 4 per cent to end the day at marking its biggest fall since May 28. Japan’s Nikkei closed the day below the 20,000 mark ahead of Bank of Japan’s review meeting.
Rupee appreciated to hit intraday high of 63.7/$ in intraday trade; highest since June 2.
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Source:Reuters & economictimes
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