Sensex surges higher by 691.55 pts on strong global cues

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Mumbai, Dec 24 (UNI) The sensitive index of the Bombay Stock Exchange (BSE) climbed up by a whopping 691.55 points today to close at 19,854.12 on sustained buying in blue-chip pivotals on strong global cues.

The benchmark Sensex resumed with a positive gap of 145.73 points at 19,308.20 from its previous close 19,162.57 in early trade on firm note in global markets. It touched a day's high at 19,879.00 and gained 715.53 points in late trade.

Similarly, National Stock Exchange's index Nifty today crossed the level of 6,000, before it ended with a gain of 218.60 points, or 3.79 per cent, at 5,985.10. Nifty touched a day's high of 6,001.05 and a low of 5,771.30 during the day trade.

The market surged as software shares spurted on the back of strong sentiments in global market. IT, bank, metal oil&gas and power stocks led the rally, traders said. Bharti Airtel spurted.

Reliance Industries edged higher. Reliance Energy hit all time high.

The market breadth was strong. 27 out of 30 stock from the Sensex pack were in green. Asian, US and European market performed stronger.

A stronger-than-expected US consumer spending calmed fears of the world's top economy heading into a recession. The market also cheered a comfortable victory for Bharatiya Janata Party (BJP) in the Gujarat state election.

The BSE Mid-Cap index rose 2.06 pc to 9,211.71 and small-Cap index climbed 1.42pc to 11,980.57. The market breadth was strong. On BSE, 1948 shares advanced as compared to 942 that declined and 42 shares remained unchanged.

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