Sensex snaps 4-day slide, climbs 554 pts

RIL Industries shot up by Rs 105 registering the biggest intra-day gain since March 2, 1992.

The stock market benchmark Sensex rose by over 554 points on the Bombay Stock Exchange before the end of trading, led by index heavy Reliance Industries that advanced 11 per cent higher on brisk buying by funds.

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Reliance Industries shot up by Rs 105 at Rs 929.85, registering the biggest intra-day gain since March 2, 1992.

The counter attracted 350 block deals in 1.60 crore shares on both the stock exchanges.

The Sensex surged 553.39 points at 9849.20 as investors felt a four-day, 11 per cent slide in the market in the last four days was excessive and indulged in picking blue-chip stocks.