Business

Sensex spurts 976 points

Mumbai, May 21 (UNI): Snapping a losing streak of last two sessions, the BSE Sensex on Friday zoomed up 975.62 points to 50,540.48 following gains in bankex, finance, telecom, power and realty stocks.

Nifty too rallied 269.25 points to 15,175.30.

In early trade, Sensex rose by 269 points to 49,833. During the day, it surged 1,027 points to 50,591.12, the day’s high before closing at 50,540.48, rallied by 975.62 points from its previous close.

Sensex registered the day’s high and low at 50,591.12 and 49,832.72 points, respectively.

Nifty recorded the day’s high and low at 15,190 and 14,985.85 points, respectively.

The sectoral indices that lifted the market were bankex and finance by more than 3% each. Telecom, power and realty moved up by more than 1%. The scrips edged up were HDFC Bank, SBI and IndusInd Bank more than 4% each.

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