Sensex surges 467 points on eve of key RBI statement
3 Jun 2014 9:49 PM GMT
The BSE benchmark index Sensex on Monday closed up by 467 points, posting its biggest single-day gain in past three weeks following massive buying by funds and retail investors mainly in banking, oil and capital goods stocks.
The 30-share index started the session on strong footing and hit the day's high of 24,709.09 points as stocks of banking, capital goods, PSU, oil and gas, power, metal and auto sectors rose sharply.
The Sensex settled at 24,684.85 points, a rise of 467.51 points, or 1.93 per cent, the biggest gain since 12 May. The broad-based Nifty of the National Stock Exchange also jumped by a whopping 132.55 points, or 1.83 per cent, to closed at 7,362.50 after testing a high of 7,368.60.
Foreign funds and retail investors accelerated their buying activity as data showed that India's manufacturing sector growth inched up in May, brokers said.
The 30-share index started the session on strong footing and hit the day's high of 24,709.09 points as stocks of banking, capital goods, PSU, oil and gas, power, metal and auto sectors rose sharply.
The Sensex settled at 24,684.85 points, a rise of 467.51 points, or 1.93 per cent, the biggest gain since 12 May. The broad-based Nifty of the National Stock Exchange also jumped by a whopping 132.55 points, or 1.83 per cent, to closed at 7,362.50 after testing a high of 7,368.60.
Foreign funds and retail investors accelerated their buying activity as data showed that India's manufacturing sector growth inched up in May, brokers said.
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