India's Sensex soars by 5.1 per cent on US plans

Monday, March 23, 2009 ·

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India's Sensex soars by 5.1 per cent on US plans New Delhi - India's benchmark Sensex index registered a single-day gain of more than 450 points to rise by 5.1 per cent on Monday.

The 30-share sensitive index of the Bombay Stock Exchange, which opened at 9,040.3 points, closed at 9,424.02 points, a gain of 457.34 points.

Only one among the 30 stocks, that of the real-estate giant DLF closed in the red.

Similarly, the broader 50-share S&P CNX Nifty of the National Stock Exchange jumped by 132.85 points or 4.73 per cent to close at 2,939.90 points.

The trading sentiment remained strong throughout the trading session with firming Asian and European markets.

Brokers attributed the rally in global stocks to a decision by the US Federal Reserve to pump in 1 trillion dollars into the financial system that is expected to revive the US economy.

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