Sensex Jumps 516 Points, Biggest Gain in 2 Months

The BSE Sensex shot up 516 points today to close at 3-month high of 17,804.80 on the back of strong global markets after EU leaders agreed to a deal that will ease the euro-zone debt crisis.

Sensex and Nifty by a huge 3 per cent, adding an estimated Rs 1.5 lakh crore to the investor wealth.

The BSE 30-share barometer commenced trading sharply higher and shot up over 600 points to a high of 17,908.13 before concluding at 17,804.80. It closed 515.97 points or 2.98 per cent up – biggest gain in absolute term after August 29, when it had spurted 567.50 or 3.58 per cent.

The NSE wide-based Nifty also flared up 158.90 points or 3.05 per cent to close at a fresh 3-month high of 5,360.70.

All the 13 sectoral indices closed with gains of between 6.34 per cent and 0.18 per cent with metal, realty, banking, capital goods and auto leading the rally.

From the Sensex pack, 27 of the 30 scrips finished with sharp to moderate gains while only Maruti Suzuki, Bharti Airtel and Bajaj Auto closed with losses.