Mumbai, Dec 23 (PTI) The Bombay Stock Exchange bellwether index Sensex skyrocketed by a hefty 539 points to close at a more-than two months high of 17,231.11 on frenzied short-covering across the board and fresh buying in metals and energy stocks, ahead of the long weekend coupled with the expiry of the derivatives contracts on December 31.
The 30-share Bombay Stock Exchange barometer opened marginally higher but soon gathered steam and kept rising across the day and finally to shut the shop at 17,231.11 points, a level not seen since October 17, netting a massive gain of 539.11 points or 3.23 per cent.
Firm overseas trend, higher advance tax payments by Indian Inc and positive comments by the Finance Minister on economic growth too fuelled the strong rally, especially on the metal counters which remained the hottest pick for the third successive day.
Wednesday, December 23, 2009
Sensex zooms 539 pts to close at two-month high
STAFF WRITER 16:49 HRS IST
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