The short covering Sensex jumped 514 points to 59005
(Gujarat News Correspondent) MUMBAI: Global mega-real estate developer Evergrand reportedly went bankrupt yesterday, with Indian stock markets also eroding, followed by shortfall in IT-software services, led by metal-mining stocks. The chairman of EverGrande expressed confidence that the company would emerge from its crisis. With this the U.S. Funds rallied in metal-mining stocks ahead of a two-day meeting of the Federal Reserve, with estimates that stimulus tapping will not be immediate and expectations of a recovery in the global economy. Following these reports, the Sensex was up 216.5 points at 5,004.5 and the Nifty spot was up 19.10 points at 17 points. Funds rebound: Sensex jumps 216 points Trading started strong today. The Sensex opened at 20.05 against the previous close of 30.8, and the attraction of funds' finance-banking heavyweights from the outset rose to 202.31 at one point, ending at 313.5 points and closing at 2009.5. Nifty spot jumped to 1200 level again The N