New Delhi: On the first day of the year 2009 the Sensex closed 2.66% higher at 9,903.46 points on the lingering hopes of rate cuts by the Reserve bank of India (RBI) as the inflation has fallen to a near 10-month low of 6.38%.
The 50-share NSE index rose 74 points to close at 3,033.
On Thursday morning trade the BSE Sensex gained more than 1% at 9,751 points on the hopes of the falling inflation and firm trends on the global markets, led by the IT and metal indices.
In the last session of the year 2008 the BSE benchmark had lost 68.85 points
By 3:19pm 30-share barometer had gained 2.6% and 50-share Nifty was trading 2.5% up.
Throughout the day realty, IT, consumer durables, banks and capital indices traded in green.
Top gainers of the day were Reliance Communications closing 7.99% higher along with Tata Motors 7.48%, Satyam Computers 7.17%, Wipro 6.17% and L&T 6.11% up.
And Ranbaxy Labs closed down by 0.97% followed by ITC 0.03% down.