Markets rally in afternoon trade (Second Lead)December 30th, 2008 - 4:24 pm ICT by IANS
Mumbai, Dec 30 (IANS) Indian equities shot up Tuesday afternoon after staying sluggish in the earlier sessions with a key index ruling 2.12 percent higher than its previous close about 70 minutes before the closing bell.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was trading at 9,735.81 points, a rise of 202.29 points or 2.12 percent from its previous close of 9,533.52 points.
The broader S&P CNX Nifty index of the National Stock Exchange (NSE) also gained and was trading at 2,980.35 points, about 58.15 points or 1.99 percent higher than the previous close.
The market indices were also witnessing a rally with the midcap index rising 1.81 percent over and the smallcap index gaining 1.36 percent.
Reliance Communications and Jaiprakash Associates were the top performers on the Sensex in the afternoon trade.