< img src="http://static.indianexpress.com/m-images/Fri%20Dec%2020%202013,%2016:14%20hrs/M_Id_450678_Sensex_today.jpg" alt="Sensex today" width="660" title="BSE Sensex soars a day after US Fed taper caused it to drop on quantitative easing start. Reuters"/>BSE Sensex soars a day after US Fed taper caused it to drop on quantitative easing start. Reuters
Shrugging off fears linked to a trimmed US stimulus, the BSE Sensex today shot up by 371.10 points -- its best gain in nearly a month -- on account of smart jump in Reliance Industries (RIL) on government nod for higher gas prices and good buying in bluechips from banking, IT and auto sectors.
Markets Top Gainers, Markets Top Losers
Overall on the BSE, 1,522 stocks -- or about six out of every ten traded -- closed in the green, helping investor wealth surge by Rs 1 lakh crore in the session. Oil & gas and realty led 12 out of the 13 sectoral indices higher.
The benchmark Sensex, which had lost 151 points in the previous session, surged by 371.10 points, or 1.79 per cent to end at 21,079.72. This is the best gain since the index rose by 387.69 points on November 25. For the week, the Sensex rose by 364.14 points, the best gain in three.
Reliance Industries led the rally in refinery sector by surging 4.58 per cent after the Cabinet decided to allow the energy major to double the price of natural gas from April. Oil & Natural Gas Corp (ONGC) also spurted 3.93 per cent. HDFC Ltd, ICICI Bank, Tata Consultancy Services (TCS), Mahindra & Mahindra Ltd
and Hindustan Unilever (HUL) were among the 27 winners in 30-share Sensex.
The broad-based National Stock Exchange index Nifty shot up by 107.6 points, or 1.74 per cent, to 6,274.25. Also, the SX40 index of MCX Stock Exchange jumped by 189.01 points to end at 12,525.54.
Multi Commodity Exchange of India Ltd (MCX)
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Fund houses like HDFC Mutual Funs, Reliance Mutual Fund remain under pressure in Q2TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
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