Sensex soars by 451 pts, Rupee by 70p/$
19 Nov 2013 12:10 AM GMT
The markets made a rollicking start to the week with the Sensex soaring over 451 points and the rupee surging by 70 paise to nearly two-week highs on Monday on robust capital inflows tracking Chinese reform initiatives and hopes that the United States Federal Reserve Board’s (Fed) $85 billion per month monetary stimulus programme would be extended. The benchmark S&P BSE Sensex opened 171 points higher and stayed in positive territory through the day to end at an almost two-week high of 20,850.74, a rise of 451.32 points (2.21 per cent). It was the biggest gain since 18 October.
The rupee climbed a hefty 70 paise, its biggest gain since October 3, to end at 62.41 versus the dollar. This is the rupee’s third day of gains and best close since November 7. US Fed chief Ben Bernanke is scheduled to speak Tuesday and the release of FOMC minutes is expected on Wednesday.
The rupee climbed a hefty 70 paise, its biggest gain since October 3, to end at 62.41 versus the dollar. This is the rupee’s third day of gains and best close since November 7. US Fed chief Ben Bernanke is scheduled to speak Tuesday and the release of FOMC minutes is expected on Wednesday.
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