The country’s premier stock market index, the sensex jumbed by 539 points its highest single day gain in seven months and soared past the 17000 mark on Wednesday as news from all around signalled an optimistic mood that ended a months long lull in the share markets.
MCX Commodity Tips
The finance Minsiter’s talk of an 8 percent GDP growth possible in the current fiscal year, overnight data from the US on the housing sector and buzz that local oil companies will get cash instead of bonds for fuels sold below market prices spread cheer among investors and traders.
The 30 share BSE Sensex rose 3.2% on the Bombay stock Exchange as it closed at a two month high of 17231. The National Stock Exchange’s 50 share Nifty also gained 3.2% or 154 points to close the day at 5144.6
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