Yet again, Sensex breaches 12K

The stock markets rallied sharply and climbed to 12,035.06, up by 181 points in the initial 30 minutes of a special trading session. Track the Sensex

Relieved by a clarification from the market regulator SEBI, the stock markets on Saturday rallied sharply and flared up past 12K level to 12,035.06, up by 181 points in the initial 30 minutes of a special trading session.

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The Securities and Exchange Board of India (SEBI) on Friday clarified that the order barring certain brokerages from trading in securities would apply only to transactions carried out in the proprietary account of brokers, while the transactions on behalf of clients would remain unaffected.

The Sensex opened firm at 11,881.51 from Fridays' close of 11,851.93 and later soared past 12,000 mark to a high of 12,032.74 before being quoted at 12,030.80 at around 11 am, up by a whopping 178.87 points over previous close.

The Sensex in volatile trading in last one-week, crossed the landmark 12,000 level for the fourth time.

The SEBI's clarifications seemed to have fully cleared confusion among investors, who once again, made heavy purchases in blue chip counters in a brief three-hour trading session.