- Sheenojis: Charlie Sheen releases personalised emojisHot tips to stay fit and healthyReview; 'The Angry Birds Movie'Veerappan movie review'Phobia' movie reviewReview: 'Waiting' Actors rule the roostSonam, McKellen inaugurate Kashish Film FestivalKaran Johar celebrates birthday with star kidsWhen Salman Khan was in tears while shooting for 'Sultan'Wear the right shoe for the right occasion!
The prolific Indo-Swiss pair of Sania Mirza and Martina Hingis put on a stupendous display
Sensex surges to 6-week high on US Fed comments Last Updated : 11 Jul 2013 05:48:25 PM IST Sensex closes on a high (File Photo)
The key S&P BSE Sensex surged two per cent on Thursday.
Sensex closed at a six-week high of 19,676.06, tracking global stock markets that were boosted by US Federal Reserve Chief Ben Bernanke's comments on continuing monetary stimulus.
The 30-share gauge opened higher, following firm Asian cues, and rallied to 19,723.51. At the close, it added 381.94 points to 19,676.06, the highest level since 19,760.30 reached on May 31. It dropped 0.75 per cent on Wednesday, July 10.
Trading sentiment was bolstered after Bernanke last night signalled that the monetary stimulus would continue for some time, boosting the prospects of fund flows to the emerging markets, brokers said. The Fed's bond-buying programme, which has flooded global markets with liquidity, has helped support an array of assets, including equities.
Cautious investors picked fundamentally strong stocks ahead of the earnings season, starting tomorrow with first-quarter results from Infosys.
The broader Nifty index on the National Stock Exchange gained 118.40 points, or 2.04 per cent, to close at 5,935.10. The SX40 index of the MCX-SX closed 211.03 points, or 1.83 per
cent, higher at 11,744.81.
Investors were richer by nearly Rs 1 lakh crore as overall 1,358 stocks rose while 974 declined on the BSE platform.
"Indian markets rallied strongly, propelled by comments from Mr. Bernanke," said Sanjeev Zarbade, Vice President - Private Client Group Research, at Kotak Securities. "Going ahead, we have the Infosys numbers. While the recovery in markets is comforting, crude oil has again firmed up...We remain concerned on this front.?
The rupee, which rose to a one-month high in early trade, erased those gains to close marginally weaker at 59.67 against the dollar.
Overall, 12 of the 13 sectoral indices gained, adding between 0.55 per cent and 3 per cent, with metals, banking, realty, capital goods, refinery and PSU segments taking the lead.
The major Sensex gainers included HDFC Bank, ITC, HDFC, TCS, Reliance Industries, ICICI Bank, L&T, ONGC, Bharti Airtel, Infosys and SBI.Source: IANS, Other Agencies, Staff Reporters
For Latest Updates Please-
Join us on
Follow us on
Post Your Comment (0 posted):
Actor Charlie Sheen has released his very own emoji line, naming it 'Sheenojis'.
The number of people in Britain who have tried e-cigarettes has almost doubled in just two
Virtual dog to teach robots to perform tasks intelligently
The 'World's Ugliest Dog' won a Hero Award for helping people with disabilities
Bones of ancient, extinct species of bison uncovered
Hundreds witness Mercury transit in Delhi, scientists in Srinagar disappointed
Leading astronomers to see 'Transit of Mercury' from Srinagar
In a bid to heat up the premium flagship smartphone segment, Taiwan-based company HTC on T