Stock Market Closing News
Sensex, Nifty scale over 27-week closing highs; breadth strong
Key benchmark indices gained for the second straight day to attain their highest closing level in more than 27 weeks on firm European stocks. The BSE Sensex surged 123.43 points or 0.7%, up about 220 points from the day's low and off about 50 points from the day's high. The market breadth was strong. BSE Small-Cap and Mid-Cap indices rose more than 1% each, outperforming the Sensex. Data showing sustained buying of Indian stocks by foreign institutional investors (FIIs) underpinned sentiment.
The Sensex has jumped 637.20 points or 3.7% in February 2012 so far. The barometer index has surged 2,375.83 points or 15.37% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,694.89 points or 17.8%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 1,980.39 points or 9.99%.
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