Sensex soars by 66 pts

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Mumbai, Nov 28 (UNI) The 30 scrips of Bombay Stock Exchange (BSE) today rose by 66 points and ended positive at 9,092.72 points from their previous close of 9026.72, amid choppy trade on November settlement day.

Brokers said at the time the markets closed, the Oberoi hotel was evacuated and completely under the control of police, which created hope and helped the improvement of market.

Expectations of a further rate cut by the central bank also supported the market.

The Sensex resumed low at 8,889.18 points with a massive loss of 137.54 from it last finish of 9,016.72. Later it recorded the day's high at 9,157.62 and a low at 8,889.18 points. The Nifty index of NSE also opened low at 2745.70 with a small loss of five points from it last finish of 2752.25, later it registered the day's high at 2779.00 and a low at 2690.20 points.Finally it closed high at 2755.10 with a small gain of 2.85 points from it last close of 2752.25.

Both the indices rose smartly by 397.19 for Sensex and for Nifty index by 101.10 points in the last two working days.

The market breadth, indicating the overall health of the market, was negative on BSE with 1,258 shares declining as compared with 1061 that rose. 84 shares remained unchanged. The turnover was sharply down. The total turnover on the BSE amounted to Rs 2,383 crore as compared to Rs 3,233 crore on last Wednesday. Total trade turnover was at Rs 57,080.91 crore in today's session. This includes Rs 9,736.13 crore from NSE Cash segment, Rs 44,951.66 crore from NSE F &O and the balance Rs 2,393.12 crore from BSE cash segment.

Asian markets rose on bargain hunting after recent heavy losses.

Key benchmark indices in Hong Kong, Japan, Taiwan, Singapore and South Korea were up by between 0.15 per cent and 2.48 per cent, which helped the boost at the Indian bources, brokers pointed out.

The key stocks ended slighly high on November settlement day.

Volumes were pretty low in today's trade. This could be partly because the Mumbai terror strike stretched into the second day.

Today's volatility was mainly led by Reliance Industries and ONGC. Key benchmark indices eked out modest gains in a highly volatile trading session on reports that the operation to flush out terrorists at three spots in Mumbai was nearing end. Volatility was intense ahead of expiry of November 2008 derivative contracts. But the market breadth was negative as the terror attacks weighed on the sentiments which has already been hit by heavy outflow of foreign capital as a result of the global financial crisis which has hit markets worldwide.


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