Online edition of India's National Newspaper
Saturday, May 03, 2008
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Online edition of India's National Newspaper Saturday, May 03, 2008 ePaper | Mobile/PDA Version |
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MUMBAI: The Bombay Stock Exchange discounted the inflation concerns with the benchmark Sensex closing the day firm with a gain of over 310 points amid strong global cues. The 30-share index settled at 17600.12 on Friday, a rise of 312.81 points, or 1.81 per cent, over its previous close. The broader 50-share S&P CNX Nifty of the National Stock Exchange rose by 62.30 points, or 1.21 per cent, to close at 5228.20. Marketmen said the bourses rallied taking cues from sharp surges in global exchanges. While the Asian indices closed higher by 0.5-5 per cent, European markets traded up by over one per cent in early trading on strong gains in American stocks on Thursday. They said investor sentiment turned optimistic after the global scene changed for the better after the U.S. economy began showing signs of resilience with easing crude oil prices and better-than-expected U.S. manufacturing data. — PTI
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