Sensex climbs 329 points on global cues

Although it opened flat,the Bombay Stock Exchange benchmark Sensex settled the day with a handsome gain of 328.75 points or 1.68 per cent at 19,850.

The 30-share index has witnessed a recovery of 3.72 per cent in three trading sessions. Similarly,the National Stock Exchange broad based Nifty saw a surge of 98.20 points to finish at 5960.90.

Marketmen called the reversal on Dalal Street a relief rally,adding that weak global markets and string of scams back home gave investors opportunity to buy at attractive levels.

Dazzling metal stocks stole the show driving the sectoral index by about 530 points,becoming the best performer among the thirteen indices. Maximum strength was seen in Tata Steel which soared by 5.04 per cent to settle at Rs 613.65.