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Sensex shoots up

MUMBAI: The Bombay Stock Exchange benchmark Sensex soared by 375 points on Wednesday as foreign funds stepped up activity on the back of strong global rally sparked by the U.S. Federal Reserve’s positive outlook for the economy.

The IT sector hogged the limelight in response to the Government’s announcement of restrictions on the external commercial borrowings (ECBs) that led to a sharp fall in the rupee against dollar. The Sensex opened 155 points up and ended the day at 15307.98, a rise of 375.21 points over Wednesday’s close of 14,932.77. Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange jumped by 105.75 points to close at 4462.10 from the previous close of 4356.35. — PTI

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