Dec 14, 2006

Mkt recovers lost ground, Sensex surges 306 pts

The market recovered smartly for the second straight day on Thursday due to heavy buying in index pivotals

The stock market witnessed a robust closing due to a surge in broad-based buying.

The 30-shares BSE Sensex surged 305.82 points to end at 13,487.16. It had opened firm, at 13,256.81, as buying continued following a 186-point rally on Wednesday.

It was a one-way street for the markets on Thursday as the bulls exerted a firm grip on the bourses from opening trade.

The investors seem to have shaken off the jitters that plagued them during the first two days of the week, as the indices continued to gain momentum with each successive trading hour.

The Sensex had surged to a fresh intra-day high of 13, 524.77, its low for the day being 13,239.79. Its all-time high is more than half a thousand points away.

The S&P CNX Nifty advanced 77.85 points to settle at 3,843.05.

The BSE clocked a turnover of Rs 4,355 crore

The major market movers on Sensex were Satyam which gained 5.10 per cent to Rs 470.50; ICICI Bank rose 5.03 per cent to Rs 872.05, Cipla rose 4.18 per cent to Rs 248; NTPC jumped up 4.11 per cent to Rs 145.70 and HLL rose 3.92 per cent to 228. HCL Tech, ICICI Bank, Jet Airways, Zee Tele and Cipla were the major gainers on the NSE

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