Sensex jumps over 500 points, biggest gain in 18 months - NDTV

Strong gains in global markets and a rally in energy stocks pushed the BSE Sensex higher by 500 points on Friday. The broader Nifty gained around 150 points, while the rupee pulled back to 59.42 against the dollar. The Sensex regained the psychological 19,000 mark, while the Nifty traded above the 5,800 levels. Optimism that the Federal Reserve will not rush to rein in its stimulus measures fuelled a rally in global stocks today. Japan's Nikkei benchmark closed 3.5 per cent higher though European stocks traded with modest gains. Sentiment was also boosted as the rupee gained on Friday, further retreating from a record low hit on Wednesday. Technical analyst Rajat Bose told NDTV that the key is how long bulls can sustain the current rally. Shares in energy companies surged after the government's approval of a hefty increase in gas prices is seen boosting earnings for producers such as ONGC and Reliance Industries. (With inputs from Reuters)   via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGEDKcqKtxUMov5fsUsmqYyM-hD1Q&url=http://profit.ndtv.com/news/market/article-sensex-jumps-over-500-points-biggest-gain-in-18-months-323838

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