Today's Market

Key benchmark indices surged to day's high, reversing early losses,
mirroring firm Asian indices. Volatility was high. The BSE 30-share
Sensex was up 82.73 points, or 0.68%, up 173.07 points from the
day's low. The Sensex hit its highest level in six months. The
broader based 50-shares S&P CNX Nifty index surged past the 3,700
mark for the first time in nearly six months

The market was volatile. It drifted lower in early trade amid
concern US banks are short of capital. The market cut losses later.
It moved between positive and negative zone in early afternoon
trade. The market surged in afternoon trade as Asian stocks rose.

Recovery in the Indian economy triggered a solid rally on the
domestic bourses in the past few days. The rally was also a part of
a sharp surge in global equities triggered by hopes the worst of
the global economic recession may be over. From a 3-year closing
low of 8,160.40 on 9 March 2009, the Sensex jumped 3970.68 points
or 48.65% to 12,131.08 on 5 May 2009.