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New package boosts sentiment
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Sensex gains 317 points to close at 10276
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MUMBAI: A booster given by the Government as well the apex bank and a strong surge in Asian markets on Monday lifted the benchmark Sensex by another 317 points to end above the psychological 10000 mark at nearly a one-month high of 10275.60. Late on Friday, the Government announced an incentive package and the Reserve Bank of India cut key interest rates to support the slowing economy. The Bombay Stock Exchange 30-share barometer, which had gained 310.91 points or 3.22 per cent in the last two sessions, surged by another 317.38 points or 3.19 per cent to close the day at 10275.60. It had closed at 10536.16 on November 11, 2008.
The broadbased 50-issue Nifty of the National Stock Exchange also jumped 74.70 points or 2.45 per cent to 3121.45 over its last close.
Firm trend in global markets also fuelled the rise in stocks. — PTI
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