A late afternoon surge in buying interest pulled up the Bombay Stock Exchange sensitive index by 115.09 points to close at 4578.49, even as Asian markets remained shaky fearing a Federal Reserve rate hike.
The S&P CNX Nifty gained 0.99 per cent over its previous close to end the day at 1378.55.
Dealers said the surge was caused by short covering in the market yesterday as it was the last day of the National Stock Exchange trading cycle.
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Aggressive buying in information technology and select commodity stocks pulled the index up from its intra-day low of 4351.14 points. But at the bottom, at least two stocks - Larsen & Toubro and Castrol - hit their 52-week lows.
The Business Standard ICE Index gained 4.88 per cent or 9.92 points to 213.17 yesterday with buying interest at most ICE counters. In terms of market capitalisation, the ICE Index gained nearly Rs 13,753 crore in the day to end at Rs 2,95,473 crore.
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