Sensex ends up 260pts

The Sensex opened with a huge negative gap of points at, and dropped to a low of 12,153 in early deals after the US Congress rejected the $700 billion financial bailout package. Buying at lower levels, and re-assurances by Finance Minister P chidambaram and Sebi chief C B Bhave, saw the index zoom to a high of 12,995 - an intra-day gain of over 840 points. The Sensex finally closed (provisional) with a gain of 261 points (2.07%) at 12,857.

All the sectoral indices, except the BSE FMCG and Metal indices,closed with gains. The BSE Banked gained 5%. The BSE Capital Goods index moved up over 3%. Market breadth was marginally bearish - out of over 2,660 scrips traded, over 1,325 declined and 1,270 logged gains.

Reliance Capital was the most active counter with a turnover of over Rs 400 crore followed by Reliance (Rs 350 crore) and ICICI Bank (Rs 334 crore).

Nifty closes above 3920 a good sgn for market nifty (spot) close 3921 high on 3966, nd low is 3715,amrket recover sharply by UC congress again decide to go for Bailout plan to save there finanacial cricis,

2moros market: All Asian AND European market recover sharply from day low near about 3% loss in indices , till this post is posted they trade on FTSE -132 point ,and CAC +1.50 point, even dow futture is trading around 200 posistive , expected tomorrow market will open gapup then we can see some selling pressure around 4050,
Best Of Luck for 2moro