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Sensex up 278 points


MUMBAI: A strong rally in refinery and metal sectors boosted the market on Friday. The Sensex surged by a whopping 278 points on hectic buying interest prompted by impressive Q4 results by IT majors, Satyam Computers and Wipro.

Shares of the top heavyweight Reliance Industries remained in the limelight rising to an all-time high of Rs. 1,541.25 at close. RIL has risen over Rs. 227 or 17 per cent since the April two meltdown.

Reflecting the rally, the BSE 30-share sensitive index opened firm at 13684.95 and gradually moved upwards to the intra-day high of 13915.62 before ending at 13897.41, a net rise of 277.71 points or 2.04 per cent over Thursday's close of 13619.70.

The broader S&P CNX Nifty jumped by 85.90 points or 2.15 per cent to close at 4083.55 from 3997.65. — PTI

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