Erasing early losses of 2.3 per cent, the Bombay Stock Exchange benchmark Sensex on Wednesday surged by over 317 points to maintain an eight-day-long rally to settle above 11,000, for the first time in six months.
Erasing early losses of 2.3 per cent, the Bombay Stock Exchange benchmark Sensex on Wednesday surged by over 317 points to maintain an eight-day-long rally to settle above 11,000, for the first time in six months.
The Sensex, which lost nearly 248 points initially, bounced back to wipe off early losses and closed higher by 317.51 points at 11,284.73, a level last seen on October 15.
The current rally entered the eighth straight session as strong investor appetite for risk helped overcome the disappointment over the fourth-quarter results by software major Infosys Technologies. The key index has climbed 34 per cent since falling to its lowest level in more than three years on March 9.
The 50-share National Stock Exchange index Nifty shot up by 101.55 points at 3,484.15, after touching the day's high of 3,497.55 points.
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