Sensex rises 467 points, ends at three-year high of 20,882
18 Oct 2013 10:24 PM IST
The S&P BSE benchmark sensex ended up by 467 points at 20,882.89 and Nifty by over 143 points at 6,189.35.
Financial institutional investors continued to lap up metals, banks, capital goods and realty stocks. They bought shares worth net Rs 1,109.93 crs on Thursday, as per provisional data from the stock exchanges.
The Bombay Stock Exchange sensetive index resumed higher on firm Asian cues on the back of accletering China's economic data and remained in positive terrain throughout the day to finish at 20,882.89, showing a sharp gain of 467.38 points of 2.29 per cent.
It had last ended at 20,932.48 on November 9, 2010.
The NSE 50-share Nifty also rose by 143.50 points or 2.37 per cent to end at 3-year high at 6,189.35. It had last ended at 6,194.25 on November 11, 2010.
Shares also boosted on speculations that Federal Reserve could maintain monetary stimulus to the US economy next year on fears of the 16-day partial US government shutdown, which ended this week, curbing economic growth there.
Most asian markets ended higher after latest data showed that China's economic growth accelerated in Q3 September 2013.
Key benchmark indices in Singapore, China, South Korea, Hong Kong and Taiwan rose by 0.24 to 1.06 per cent while Japan's Nikkei eased by 0.17 per cent.
Financial institutional investors continued to lap up metals, banks, capital goods and realty stocks. They bought shares worth net Rs 1,109.93 crs on Thursday, as per provisional data from the stock exchanges.
The Bombay Stock Exchange sensetive index resumed higher on firm Asian cues on the back of accletering China's economic data and remained in positive terrain throughout the day to finish at 20,882.89, showing a sharp gain of 467.38 points of 2.29 per cent.
It had last ended at 20,932.48 on November 9, 2010.
The NSE 50-share Nifty also rose by 143.50 points or 2.37 per cent to end at 3-year high at 6,189.35. It had last ended at 6,194.25 on November 11, 2010.
Shares also boosted on speculations that Federal Reserve could maintain monetary stimulus to the US economy next year on fears of the 16-day partial US government shutdown, which ended this week, curbing economic growth there.
Most asian markets ended higher after latest data showed that China's economic growth accelerated in Q3 September 2013.
Key benchmark indices in Singapore, China, South Korea, Hong Kong and Taiwan rose by 0.24 to 1.06 per cent while Japan's Nikkei eased by 0.17 per cent.
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