Business

Sensex back in form, jumps 217 points on global cues

Mumbai: Dec 21; After taking a day's breather, the benchmark BSE Sensex on December 21, resumed its upward climb by bouncing back almost 217 points to 25,735.90 spurred by a rally in banking, metal and PSU stocks as buying picked up. The broader NSE Nifty too regained the key 7,800-mark.

The rupee appreciated for the fifth day in a row against the American currency to 66.27 (intra-day), which acted as a catalyst. The 30-share Sensex after opening in the negative zone, slipped further on profit-booking and prevailing uncertainty over passage of the GST Bill. But it staged a strong comeback and closed higher by 216.68 points, or 0.85 per cent, at 25,735.90. On Friday, the Sensex dropped for the first time in five days after losing 284.56 points as participants locked in gains in blue-chips as the government lowered its economic growth forecast for 2015-16 to 7-7.5 per cent.

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