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Sensex up 403 points


MUMBAI: Discarding weak Asian advices and negative inflation trends, the markets came alive on Friday with the benchmark Sensex posting a gain of over 400 points, the biggest since the Budget day, as select heavyweight stocks surged.

Traders noted that markets shrugged off all concerns and rebounded as if to prove the doomsayers who had a field day on Thursday when the markets plunged to a six-and-a half month low predicting worse days ahead.

The 30-share Sensex on the Bombay Stock Exchange settled the day at 15760.52 points, a smart rise of 403.17 points.

The 50-share Nifty the National Stock Exchange also recouped smartly by 122.20 points to 4745.80 from the previous close of 4,623.60.

— PTI

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