Stocks of companies having operations and exports to Europe were the top losers.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
More than 10% (40 of 498 companies) have lost at least half their market value.
Custodian banks are selling dollars for their foreign fund clients.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
Auto and realty shares were among the top Sensex gainers.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The government has relaxed the norms for allowing foreign direct investment (FDI) in the construction development sector. It is expected the move will boost affordable housing projects and smart cities across the country.
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
DLF has long been embroiled in a controversy over a deal that brought windfall profits to Robert Vadra, son-in-law of United Progressive Alliance Chairperson Sonia Gandhi.
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