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Sensex zooms to cross 12,000-mark
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On strong global cues and sustained capital inflows
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MUMBAI: The Bombay Stock Exchange bellwether Sensex on Monday took the biggest leap of the year to close past the 12,000-level for the first time since October last as bulls went on the rampage amid a host of favourable developments.
Strong global cues and sustained capital inflows into equity and a heavy build-up of derivatives positions bolstered market sentiment.
Marketmen said trading sentiment also received a boost from reports of a positive Chinese purchasing index, which raised expectations that the global economy is back on track.
The BSE barometer surged by a whopping 731.50 points or 6.41 per cent, the biggest single-day gain in 2009, to settle the day at 12,134.75 over its previous close.
Similarly, the broader 50-share Nifty of the National Stock Exchange soared by 180.05 points or 5.18 per cent to close at 3,654.— PTI
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