Sunday, May 3, 2009

Sensex Zoomed 542 Points in Heavy Buying Rally

. Sunday, May 3, 2009

By stockOzone team

The Bombay Stock Exchange benchmark Sensex on Monday rose by over 542.13 points to touch a seven-month high of 11945.38 in early trade on brisk buying by funds on the back of firming global trend.

The 30-share index, which had gained 401.50 points in the previous trading session, added another 542.13 points at 11945.38 on heavy buying by funds in blue-chip shares.

Similarly, the wide-based National Stock Exchange index Nifty shot up by 131.55 points to touch a seven-month high of 3605.50 points.

Marketmen said trading sentiment were boosted after the US data indicated that consumer confidence has improved to its best level since September.

Meanwhile, Hong Kong's Hang Seng index gained 3.52%.

Disclosure: Author does not own any of the stocks discussed here.

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