Sensex spurts by over 691 points at close
The IT index gains the most, led by Infosys Technologies, by 260.98 points at 4,581.61 followed by the teck index by 185 points at 3,961.96.business Updated: Dec 24, 2007 21:54 IST
The benchmark Sensex recorded a spectacular rise of over 691 points on the Bombay Stock Exchange (BSE) on Monday on the back of a steep rise in IT and media stocks.
The 30-share BSE barometer shot up by 691.55 points to 19,854.12 points as concerns of inflation in US eased with consumer spending picking up.
The key-index touched the day's high of 19,879 points and a low of 19,308.20 points.
The IT index gained the most, led by Infosys Technologies, by 260.98 points at 4,581.61 followed by teck index by 185 points at 3,961.96. Over 50 per cent of the software revenue comes from the US markets.
The National Stock Exchange index Nifty also rose by 218.60 points to 5,985.10. It touched the day's high of 6,001.05 and a low of 5,771.30 points.
The market also received support from Metal sector index by 547.79 points at 18,820.79, capital goods index by 498.19 points at 19223.88, oil and gas index by 432.28 points at 12,678.32, bank index by 363.15 points at 11,101.74, PSU index by 317.11 points at 9,830.01 and realty index by 204.44 points at 11,818.52.