The Hindu Business Line : Sensex on the rise, gains 305.82 points

"We were expecting a turnaround for sure. But we did not expect it to happen so fast,'' said a dealer at Angel Broking on the rise in Sensex for the second day running.

The last two trading sessions have seen the market recovering nearly half the points lost after plunging by 800-points on Monday and Tuesday.

The BSE Sensex, on Thursday, moved up 305.82 points or 2.32 per cent to close at 13,487.16, which is the highest single-day gain since July 20.

The NSE S&P CNX Nifty gained 77.85 points or 2.07 per cent to settle at 3,843.05.

"If you take a long-term view, the market looks pretty good. There is nothing to worry about, as fundamentals are still strong. Investors should be cautious as markets may be a bit more volatile with the upcoming Union Budget,'' Mr Harjit Singh Sethi, CEO, Almondz Capital Markets.

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