The BSE benchmark Sensex today jumped up by a staggering 520 points, its biggest single-day gain in 22 months, to close above the 19,000-mark, led by a rally in energy sector stocks, after the government approved nearly doubling of natural gas prices, amid sharp recovery in rupee.
The 30-share index started the day on a firm note and continued rising further and ended the day 519.86 points, or 2.75 per cent higher at 19,395.81 Sensex hit high of 19432.94. This is Sensex’s biggest single day rise since 567.5 on Aug 29, 2011 and the first time in 10 days that it closed above the 19,000 mark.
Investor wealth went up by Rs 1.5 lakh crore. Similarly, the wide-based National Stock Exchange index Nifty gained 159.85 points, or 2.81 per cent, to close at 5,842.20 Nifty hit high of 5852.95 and low of 5749.50
and US market slumped after fast rise up on Friday the US market slide down more than 0.50% with share of Dow Jones down 0.76% and S&P 500 decline 0.50% while the whole European market closed under with red sign.