Equities break bear grip, key index up 331 points (Second Lead)November 26th, 2008 - 5:59 pm ICT by IANS
Mumbai, Nov 26 (IANS) Indian equities markets at last broke the bear grip Wednesday to end in the green after two successive sessions of losses with a key index closing more than 331 points higher to breach the psychologically important 9,000 mark once again.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 9,026.72, up 331.19 points or 3.81 percent from its previous close Tuesday at 8,695.53 points.
The Sensex opened higher at 8,768.20 points and showed much volatility for most part of the day and began to surge strongly only late afternoon to hit an intra-day high of 9,061.72 before sliding a bit to end at its closing value.
The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), also showed a similar trend and finished at 2752.25, up 98.25 points or 3.7 percent from its previous close Tuesday at 2638.65 points.
The BSE midcap finished at 2,877.38, up 4.79 points or 0.17 percent from its previous close Tuesday at 2,872.59 points.
The BSE smallcap, however, finished in the red at 3,314.89, down 18.53 points or 0.56 percent from its previous close at 3,333.42 points.