Sensex gains nearly 2 pct; earnings, macro data key - Reuters India

Tweet Link this Share this Reuters Market Eye - The BSE Sensex rallied to nearly 1-month highs after U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday a highly accommodative monetary policy would be needed for the foreseeable future, raising hopes any tapering of... Email Print The annual religious procession commemorates a journey by Lord Jagannath, his brother Balabhadra and sister Subhadra, in specially made chariots.  Slideshow  Ramadan in detention The King Khan Family Tirupur - India's garment hub Trading stocks in the 90s Route to Amarnath cave » Click here for more slideshows People walk past the Bombay Stock Exchange (BSE) building in Mumbai January 9, 2009. Credit: Reuters/Punit Paranjpe/Files Thu Jul 11, 2013 11:09am IST Reuters Market Eye - The BSE Sensex rallied to nearly 1-month highs after U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday a highly accommodative monetary policy would be needed for the foreseeable future, raising hopes any tapering of the asset purchase programme may not be necessarily close. The Sensex is up more than 2 percent after hitting its highest mark since June 7. The Nifty is up 2.12 percent, after marking its highest intraday level since June 10. The gains are being fed by hopes that foreign investors may taper off their recent selling, which has reached a net 110.8 billion rupees since the start of June. The rupee rallied to more than a week high and is seen having a positive rub-off on shares amid worries about foreign flows. All BSE Sensex shares are gaining with ITC Ltd (ITC.NS) up 2.1 percent and HDFC Bank Ltd (HDBK.NS) rising 3.3 percent. (Reporting by Abhishek Vishnoi) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHp_FIILShzIm1nHkLVeLgygWA0jQ&url=http://in.reuters.com/article/2013/07/11/bse-sensex-surges-itc-hdfc-idINDEE96A02Y20130711

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