Biggest rise in Sensex in four months
The BSE Sensex jumped 838.08 points, or 5.94%, to 14,942.28, registering its biggest single day rise since 25 March 2008.
On 25 March 2008, the Sensex had risen 928.09 points or 6.07% at 16217.49.
The market spurted today, 23 July 2008, after the Congress-led United Progressive Alliance (UPA) government retained power by securing trust vote in parliament late on Tuesday, 22 July 2008, ending political uncertainty. A further fall in oil prices and firm global markets also boosted sentiments. At day's high of 14,979.90 Sensex gained a whopping 875.70 points.
Sensex has risen 2366.48 points or 18.81% in last five trading sessions from its close of 12575.80 on 16 July 2008.
Reliance Communications (up 12.2% to Rs 525.25), ICICI Bank (up 11.64% to Rs 738.25), Bharat Heavy Electricals (up 10.92% to Rs 1,772), HDFC (up 10.92% to Rs 2,380.20) and State Bank of India (up 10.45% to Rs 1,543.80) were major gainers from Sensex pack today.