Atom Feed (xml)The Bombay Stock Exchange benchmark Sensex surged by 620 points in early trade on Wednesday after the US Federal Reserve last night cut its interest rates by 75 basis points to 2.25%. On heavy buying, the 30-share index rose by 620 points to 15,453.46 in the first five minutes of trade, with most of the heavy weight stocks seeing notable gains. The broader 50-share National Stock Exchange index Nifty also recorded a jump of 182 points to 4,715.00.
3/18/08
Sensex rises over 600 points after Fed rate cut
The Bombay Stock Exchange benchmark Sensex surged by 620 points in early trade on Wednesday after the US Federal Reserve last night cut its interest rates by 75 basis points to 2.25%. On heavy buying, the 30-share index rose by 620 points to 15,453.46 in the first five minutes of trade, with most of the heavy weight stocks seeing notable gains. The broader 50-share National Stock Exchange index Nifty also recorded a jump of 182 points to 4,715.00.
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