Indian stock market rockets 893 points
www.chinaview.cn 2007-11-14 20:01:47   Print

    MUMBAI, Nov. 14 (Xinhua) -- The Indian stock benchmark Sensex Wednesday rocketed 893.58 points to close the day at 19,929.06 points, up 4.69 percent over Tuesday's close of 19,035.48 points.

    The Sensex opened the day at 19,336.96 points, then rallied to an intra-day high of 19,987.71, a jump of 952.23 points or 5 percent.

    Stock analysts said the market gain was because of global cues. Besides, the political development also gelled well with the sentiment. The rally was driven by short covering, strong buying by domestic investors in bank counters and blue chips such as Reliance Industries.

Editor: Sun Yunlong
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