Home ECONOMY Sensex closes 357 points up on global rally

Sensex closes 357 points up on global rally

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Mumbai, Sep 9:

A global rally sponsored by reforms and stimulus measures by the Chinese government supported the Indian equity markets leading to a barometer index closing with gains of 357 points on Wednesday.

stock_exchange sensexBack home, the positive signs coming from the government on the reforms front, Prime Minister Narendra Modi’s meeting with industry representatives, upcoming seventh pay commission and a stable rupee supported the upward movement of the markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) made substantial gains a day after it rose 424.06 points or 1.70 percent.

A rally was also seen on the wider 50-scrip Nifty of the National Stock Exchange (NSE). The CNX Nifty provisionally closed higher by 117 points or 1.52 percent at 7,805.10 points.

The S&P BSE Sensex, which opened at 25,682.87 points, provisionally closed at 25,674.60 points (at 3.30 p.m.) — up 356.73 points or 1.41 percent from the previous day’s close at 25,317.87 points.

The Sensex touched a high of 25,820.56 points and a low of 25,553.61 points in the intra-day trade. (IANS)