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Thread: Sensex vaults 337 points
09-08-2012, 09:23 PM #1
Sensex vaults 337 pointsThe Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex), on Friday, surged by over 337 points or 1.95 per cent on the back of the bond-buying decision by the European Central Bank President Mario Draghi, in an effort to save the Euro-zone. The move is widely expected to result in foreign fund flows to Indian shores.
The Sensex closed at 17683.73. Capital goods stocks led the rally with a gain of 3.04 per cent followed by realty (2.70 per cent), metal (2.66 per cent) and banks (2.29 per cent).
All sectoral indices ended in the positive territory.
Broader indices also gained as the BSE 100 surged by 1.77 per cent, BSE 200 by 1.71 per cent and BSE 500 by 1.63 per cent.
On the National Stock Exchange (NSE), the 50-share Nifty gained 103.70 points or 1.98 per cent at 5342.10
Mr. Draghi said that policy-makers had agreed to an unlimited bond purchase programme to regain control of interest rates in the Eurozone and fight speculation of a currency (Euro) break-up....being a human...