Sensex climbs 703 points at 13,664.62
The BSE sensitive index, which had lost over 1,460 points in last three trading sessions, netted a gain of 702.94 points, the biggest jump since March 25.Updated: Jul 02, 2008 21:04 IST
Markets regained the gaining ways on Wednesday after a three-day losing string with the benchmark Sensex notching up over 700 points, the biggest gain in 10 weeks, on return of buying support at attractive low levels of blue-chip stocks.
The Bombay Stock Exchange sensitive index, which had lost over 1,460 points in last three trading sessions, today netted a gain of 702.94 points at 13,664.62, a biggest jump since March 25. Sensex touched day's high of 13,712.31 and a low of 12,822.75 points.
BSE barometer has plunged more than 35 per cent from its record levels in January and the overall market value slipped below one trillion dollars yesterday.
The 50-stock Nifty on the National Stock Exchange index shot up by 196.60 points at 4,093.35, after touching the day's high of 4,107.15 and a low of 3,848.25 points.
Metal index gained the most by 744.83 points at 13,239.02 on the back of a steep rise in stocks of Jindal Steel, Sesa Goa, Sterlite Industries, Tata Steel, JSW Steel and Maharashtra Seamless.
Capital goods was the second largest gainer, adding 573.83 points at 10,318.14, followed by realty index by 515.26 points at 4,731.19 as stocks of DLF Ltd, Indiabulls Realstate, Unitech and Parasvnath recorded handsome gains.
Oil and Gas index rose by 461.57 points at 9,195.29 as shares of Reliance Industries, ONGC, GAIL, NTPC, Aban Offshore and Reliance Petro traded higher.