Millennium Post

Sensex zooms by 382 to 6-wk high on Ben’s ‘stimulus U-turn’

Tracking strong global cues, the BSE benchmark Sensex on Thursday shot up by a whopping 382 points to close at near six-week highs led by a rally in bluechips, buoyed by US Federal Reserve Chief Ben Bernanke's comments on continuing monetary stimulus.

The 30-share index started the day on a high note at 19,584.38 and kept improving further to close the day higher by 381.94 points, or 1.98 per cent, at 19,676.06. This is the Sensex's highest closing since 19,760.30 on 31 May and the biggest single-day gain since 28 June.w
This led to investors becoming richer by Rs 1 lakh crore today as total market capitalisation of BSE rose to Rs 64,90,805.42 crore.
The index had closed higher by 145.36 points on Wednesday.

Similarly, the wide-based National Stock Exchange index Nifty gained 118.40 points, or 2.04 per cent, to close at 5,935.10.
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