Sensex closes at two-month high of 17,231.11
The Bombay Stock Exchange bellwether index Sensex skyrocketed by a hefty 539 points to close at a more-than two months high of 17,231.11 on frenzied short-covering across the board and fresh buying in metals and energy stocks, ahead of the long weekend coupled with the expiry of the derivatives contracts on December 31.
The Sensex ended marginally higher after touching its lowest in 2013 intraday on Monday, as technology firms such as Infosys gained on hopes the budget would provide incentives to exporters, while oil & gas company ONGC fell on worries about a potentially higher oil subsidy burden.