The Sensex opened with a significant positive gap of 685 points at 17,415 on the back of an emergency 75 basis points rate cut by the US Federal Reserve.
After extending gains in the initial trades, the index pared gains and touched a low of 16,951 owing to nervousness among market players. The index, thereafter, steadied and moved up smartly on the back of all-round buying.
The index rallied to a high of 17,997 - up 1,267 points from its previous close - in the process the index recovered its biggest-ever intra-day gain.
Some profit taking towards the end saw the Sensex pare gains and finally settle at 17,594 - up 5.2% (864 points) - third best single-day gain ever. Thus, the index today broke its seven-day losing streak wherein the index had shed 19% (4,097 points).
The NSE Nifty gained 304 points to close at 5,203.
The BSE Mid-cap index zoomed over 8% (587 points) to 7,789, and the Small-cap index surged 4% (397 points) to 10,425.
The NSE Nifty ended with a gain of 6.2% (304 points) at 5203.
The market breadth was marginally negative - out of 2,722 stocks traded, 1,400 declined, 1,301 advanced and 21 were unchanged today.
|
Biggest Single-Day Gains... | ||||
|
Date |
Close |
Prv Cls |
Net Chg |
% Chg |
|
14-Nov-07 |
19929.06 |
19035.48 |
893.58 |
4.7 |
|
23-Oct-07 |
18492.84 |
17613.99 |
878.85 |
5.0 |
|
23-Jan-08 |
17594.10 |
16729.94 |
864.13 |
5.2 |
|
09-Oct-07 |
18280.24 |
17491.39 |
788.85 |
4.5 |
|
29-Oct-07 |
19977.67 |
19243.17 |
734.50 |
3.8 |