Sensex rises 448 points, highest since Jan 2008 (Second Lead)
By IANSThursday, November 4, 2010
MUMBAI - Backed by positive global cues and a stellar listing of Coal India, a benchmark index of Indian equities Thursday zoomed 448 points, with energy and metal stocks leading the rally to touch a level last seen 34 months ago.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,605.63 points, closed at 20,913.84 points (provisional), up 448.1 points or 2.19 percent from its previous close at 20,465.74 points.
At this level, the Sensex is creeping closer to its all-time intra-day high of 21,206 points logged in Jan 10, 2008.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 6,28.7 points, up 2.03 percent.
Broader markets indices were in the green too, with the BSE midcap index trading 0.9 percent higher and the BSE smallcap index moving up 0.72 percent.
Energy, metals, auto and banking stocks led the gainers pack. Consumer durable stocks, however, ended facing some selling pressure.
