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Sensex gains 382 points on Fed’s dovish comments

Nifty adds 118 points; stocks of ICICI Bank, HDFC Bank and SBI lead gains
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First Published: Thu, Jul 11 2013. 09 54 AM IST
A file photo of BSE building in Mumbai. A recovery in the rupee against the dollar also helped gains. Photo: Mint
A file photo of BSE building in Mumbai. A recovery in the rupee against the dollar also helped gains. Photo: Mint
Updated: Thu, Jul 11 2013. 06 40 PM IST
Mumbai: India’s benchmark stock indices gained nearly 2% on Thursday, joining the rally in Asian markets as investors were upbeat after US Federal Reserve chairman Ben Bernanke hinted that it needs to maintain an accommodative monetary policy. A recovery in the rupee against the dollar also helped gains.
BSE’s 30-share benchmark Sensex ended 1.98%, or 381.94 points, higher at 19,676.06, while the 50-share Nifty closed 2.04%, or 118.40 points, higher at 5,935.10.
Financials led the gains. Private sector lenders ICICI Bank Ltd and HDFC Bank Ltd advanced 1.91% and 3.32%, respectively, while top lender State Bank of India climbed 1.74%. ITC Ltd gained 2.17%.
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First Published: Thu, Jul 11 2013. 09 54 AM IST
More Topics: Sensex | Rupee | NSE | ICICI Bank | Infosys |
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