Sensex spurts 975.62 pts

Mumbai, May 21 (FN Agency) Snapping a losing streak of last two sessions, the BSE Sensex on Friday zoomed up 975.62 pts to 50,540.48 following gains in Bankex, Finance, Telecom, Power and Realty stocks. The Nifty too rallied 269.25 pts to 15,175.30. In early trade, the Sensex rose by 269 pts to 49,833. During the day it surged 1027 pts to 50,591.12, days high before closing at 50,540.48, rallied by 975.62 pts from its previous close. The sensex registered days high and low at 50,591.12 and 49,832.72 pts respectively.

The Nifty recorded days high and low at 15,190 and 14,985.85 pts respectively. The sectoral indices that lifted the market were Bankex and Finance by more than 3 pc each. Telecom, Power and Realty moved up by more than one per cent. The scrips edged up were HDFC Bank, SBI and IndusInd Bank more than 4 pc each. The Mid Cap rose by 0.82 pc and Small Cap by 0.65 pc. In 30 scrips, 29 advanced while 1 declined.