Euphoria marks market mood

 The popular Sensex at BSE was up 328.75 points or 1.68 per cent, which was up close to 325 points from day’s low and off close to 40 points from day’s high. At the same time, European markets was trading higher while most Asian markets bounced off their earlier lows. Also, US index futures were sharply higher.

From a 2-1/2-month closing low of 19,136.61 on Friday last, the Sensex has jumped 713.39 points or 3.72 per cent in the last three trading sessions. The Sensex jumped 328.75 points or 1.68 per cent to close at 19,850 points. The index rose 366.01 points at the day's high of 19,887.26 in late trade. and it rose 3.9 points at the day's low of 19,525.15 in early trade. The 50-unit S&P CNX Nifty at NSE was up 98.20 points or 1.67 per cent to settle at 5,960.90 in the day’s closing.

The market breadth was strong. Metal and mining shares saw an across the board surge after strong investor response to the MOIL issue. Banking stocks gained on fresh buying on expectations.