Sensex soars by 517 points

Mumbai, March 30 

Logging its biggest gain in over two months, the BSE Sensex today surged by 517 points to end at 27,975.86 on strong buying support, particularly in banking, telecom and IT stocks, amid positive global cues like a fall in crude prices. 

The benchmark index  opened 200 points up and gradually moved upwards to regain 28,000-mark before closing at 27,975.86, a rise of 517.22 points or 1.88 per cent, with almost all the 30 index shares ending with gains. 

The previous best one-day gain was on January 20 when the Sensex had rallied by 522.66 points. — PTI