Benchmark Sensex vaulted over 212 points on Thursday, riding on a stellar show by Yes Bank, as investors piled into consumption, IT and banking counters amid encouraging earnings.
Yes Bank was the top performer in the 30-share Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent jump in its net profit (standalone) at Rs 1,179.40 crore for the March quarter.
Covering up of pending short positions by speculators on expiry of the April derivatives contracts added to the momentum, brokers said.
The BSE Sensex took off on a positive note at 34,532.95 and advanced to the day's high of 34,747.97 before ending at 34,713.60, up 212.33 points, or 0.62 per cent. This is its highest closing since February 5, when it had finished at 34,757.16.The 50-issue NSE Nifty ended at 10,617.80, up 47.25 points, or 0.45 per cent, after shuttling between 10,628.40 and 10,559.65.