Sensex makes a sharp rally
Sensex, the index of the Bombay Stock Exchange closed at one-month high of 9,832.39 points on Monday on a sharp rally in realty and metal counters.
Analysts said that the share market got a boost in anticipation of a second installment of fiscal incentives from the government soon and the central bank cutting the key policy rates further.
The Bombay Stock Exchange 30-share barometer ended the day at 9,832.39, up by 143.32 points, or 1.47%, higher from previous close. It was only nearly 50 points short of the psychologically important 10,000 level at intra-day high of 9,948.33.
The 50-share Nifty of the National Stock Exchange also improved by 59.85 points, or 2.05%, to 2,981.20.