Sensex closes above 12,000-mark (Third Lead)May 4th, 2009 - 5:25 pm ICT by IANS
Mumbai, May 4 (IANS) In what was the biggest gain in a single day since Oct 31, 2008, a key index of the Indian equities markets soared more than 700 points, raising hopes that the rally that has kept the bourses in green for eight-nine weeks can be sustained.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 11,635.24 points, rose 731.5 points or 6.41 percent from the previous close to end trade at 12,134.75 points.
Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 4.96 percent to close at 3,646.35 points.
Broader market indices also gained, with the BSE midcap index moving up 3.91 percent, while the BSE smallcap index was up 3.57 percent.