Sensex zooms 383.20 points as oil prices ease further

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Mumbai, Aug 5 (UNI) The Bombay Stock Exchange Sensex today zoomed up by 383.20 points to close at 14,961.07 even as Nifty surged 107.05 points to end at 4,502.85, following sharp recovery in Asian and European markets after a sharp fall in global crude oil prices.

The benchmark indices pared the sharp rally in second half of session after reports that oil prices fell below USD 120 per barrel.

Interest rate sensitive stocks including banking, infrastructure and auto stocks were in strong demand, which pushed up the markets, brokers said.

Sensex today opened the day in red and nearly touched 15,000 mark but could not cross that level. It hit an intraday high of 14,986.63 and low of 14,529.21. The broader based Nifty index of National Stock Exchange hit a high of 4515.15 and a low of 4376 before finally ending with a gain of 2.45 per cent in late trade.

Positive sentiments in European markets, coupled with fall in crude oil price, raised hopes of better inflow prospects in near future for the investors, a senior official of a leading broking firm said.

Total turnover on NSE's futures &options (F&O) segment was quoted at Rs 52,692.78 crore against Rs 43,364.62 crore, a day earlier.

Turnover on BSE amounted to Rs 6941 crore against Rs 6,008.96 crore in the previous session.

The market breadth was strong on BSE with 1764 shares advancing as compared to 940 that declined, while 64 remained unchanged. Among the 30-member Sensex pack, 28 advanced while only two slipped.

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