Sensex soars

MUMBAI, APRIL 19. Powered by a stunning overnight upswing in stocks on the Wall Street, the BSE benchmark soared by another 135 points at close in roller-coaster activity on the Bombay Stock Exchange here today as foreign institutional investors made fresh all-round purchases.

The market started off on a strong footing with Sensex opening with a wide upside gap at 3552.17 and later rallied smartly lifting it to the day's high of 3621.03 bolstered by the surprise move of the Federal Reserve which unexpectedly cut rates by 50 basis points yesterday.

The BSE barometer touched the low of 3471.03 just before noon when public investors as well as a few FIIs and local financial institutions booked profits at higher levels on news that Tripura-Cachar-Mizoram border along with Bangladesh, has been put under 'maximum alert', market sources said.

The Sensex, however, trimmed its gains to close at 3574.08 against yesterday's close of 3438.75, a net rise of 135.33 points or 3.94 per cent. The BSE-100 index was up by 49.81 points at 1686.10 against the previous close of 1636.29.

- PTI

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Section  : Business
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