5 years, 6 months ago
Sensex soars 489 points as dovish Fed lifts global markets
India TV NewsThe BSE Sensex rallied 489 points Thursday, driven by gains in banking, healthcare and auto stocks, amid strong cues from the global markets after the US Federal Reserve hinted at a rate cut in the near future. After gyrating over 700 points during the day, the BSE gauge settled 488.89 points, or 1.25 per cent, higher at 39,601.63. Other gainers included Sun Pharma, IndusInd Bank, L&T, ICICI Bank, Maruti, Bajaj Auto, Tata Motors and ONGC, rallying up to 4.01 per cent. Brent crude futures, the global oil benchmark, rose 2.67 per cent to USD 63.47 per barrel amid a flare up in geopolitical tensions in the Middle East.
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History of this topic
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