Sensex zooms 727 pts, ` scales 140p
A host of positive global as well as local factors kept the market tempo upbeat for the fourth straight session as the benchmark S&P Sensex zoomed 727 points to near 20,000 mark, which is a biggest one-day gain in four years and the rupee scaled 140 paise on the back of strong export and car sales data and receding concerns over a US attack on Syria.
Stock market investors became richer by a staggering Rs 2 lakh crore as six out of every 10 stocks gained on Bombay Stock Exchange.
A slide in oil prices and robust Chinese economic data also helped domestic markets log gains for the fourth day in a row. In the currency markets, the rupee touched an over two-week high of 63.78 against the dollar and closed at 63.84, up a whopping 140 paise compared to previous close of 65.24.