Equities markets sky rocket on openingMay 4th, 2009 - 11:57 am ICT by IANS
Mumbai, May 4 (IANS) Indian equities markets shot up after the opening bell Monday, with a key index opening more than 200 points higher and continuing to climb in the first 15 minutes, to about 500 points higher than its last closing figure.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 11,635.24 points, higher than its 11,403.25 points close Wednesday. After about 15 minutes of trading, it was at 11,907.11 points, 4.42 percent or 503.86 points higher than its previous close.
Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was at 3,610.90 points, 3.94 percent higher than its previous close.
Broader indices were also ruling positive, with the BSE midcap index up 2.59 percent, and the BSE smallcap index ruling 2.41 percent higher than its previous close.