Mumbai, Oct 9: The Sensex today bounced back by a record-breaking surge of 789 points for a single day on the Bombay Stock Exchange (BSE) to close at 18,280.24 as compared to previous close of 17,491.39 as major stocks like banking, reality, capital goods and metals were on the greener side.
Putting the mid-term election phobia-syndrome on the backseat and taking a drive from private firms and major stocks's gains, market today moved up by 4.51 per cent, before clossing above the milestone barrior of 18K, dealers said.
According to the dealers, all the sectoral indices on BSE were at gain and the market breadth was strong enough. Most of the Asian markets ended higher today. While European markets traded in as mixed mode.
The BSE 30-share Sensex touched an all-time high of 18,327.42 and low of 17,287.19 during the trade sessions. Taking a dip of 89.15 points, Sensex started at 17,402.24 and soon declined to hit intra-day low of 17,287.19 in early trade before it bounced back to cross the limit of 18K.
Within 8 trading sessions, Market covered its journey from 17,000 to 18,000, which was the second fastest 1,000-point rally ever, dealers observed.
The broader based S&P CNX Nifty also ended up by 242.15 points, marking a 4.73 per cent, at 5,327.25 from the previous day's close of 5085.10 . It hit an all-time high of 5,348.70 in latter trade from a low of 5000.95 in early trade.