Sensex soars over 200 pts; Midcap, Smallcap gain strength too

Bulls have taken a charge over Dalal Street today as short covering and value buying in banks & index heavyweights drove equity benchmarks nearly 1 percent higher. Asian markets also extended gains in their afternoon trade.

The 30-share BSE Sensex rallied 225.80 points to 24414.17 and the 50-share NSE Nifty rose 65.20 points to 7416.20. The BSE Midcap and Smallcap indices also gained strength, rising nearly 1 percent.

The market breadth was positive as about 1390 shares advanced against 925 declining shares on the Bombay Stock Exchange.


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Posted in: Indian Market Tips