Equities gain, Sensex up 482 points to cross 9,000 (Second Lead)December 4th, 2008 - 5:46 pm ICT by IANS
Mumbai, Dec 4 (IANS) Indian equities markets bounced back Thursday on rate cut expectations and after some initial hesitation surged throughout the day, with a key index finishing more than 482 points higher to once again breach the psychologically important 9,000 mark.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 9,229.75, up 482.32 points or 5.51 percent from its previous close Wednesday at 8,747.43 points.
The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), also showed a similar trend and closed at 2,788.00, up 131.55 points or 4.95 percent from its previous close Wednesday at 2,656.45 points.
The BSE midcap index closed at 2,922.80, up 92.21 points or 3.26 percent from its previous close Wednesday at 2,830.59 points.
The BSE smallcap index ended at 3,331.80, up 66.70 points or 2.04 percent from its previous close at 3,265.10 points.