Sensex ends at 306 pts, its biggest gain in 6 weeks
The surge could also be seen in Nifty, which ended higher by 77.85 points at 3843.05 pts.india Updated: Dec 14, 2006 17:10 IST
The benchmark Sensex ended higher by about 2.61 per cent, the biggest gain in last six weeks, on the Bombay Stock Exchange on Thursday on brisk buying by funds amid brokers winding up their pending positions.
The 30-share index, Sensex, which rose by over 186 points in previous trade, continued to surge and closed at 13,487.16, up by 305.82 points, on the back of a rally in banking shares led by ICICI Bank, as it raised interest rates and as some investors expected the pace of bank loan growth to continue.
Such big gains have not been seen since October 27.
The National Stock Exchange index, Nifty, advanced by 77.85 points, or 2.07 per cent at 3843.05, after touching the day's high of 3855.05 points.