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Sensex stocks surge on US stimulus move

Mumbai,Business/Economy, Thu, 19 Sep 2013 IANS
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Mumbai, Sep 19 (IANS) A benchmark index of Indian equities markets closed Thursday's trade nearly three and a half percent up, after the US Federal Reserve decided to continue with its stimulus package.

The US Federal Reserve's decision late Wednesday night surprised the markets by its decision to refrain from reducing the pace of its bond buying programme which was initiated as a result of global financial crisis triggered nearly five years ago.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 20,354.73 points, closed (provisionally) at 20,625.55 points, up 663.39 points or 3.32 percent from its previous day's close at 19,997.45 points.

The benchmark Sensex surged to a high of 20,739.69 points and a low of 20,347.30 points in the day's trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) gained 3.53 percent or 208.40 points at 6,107.85 points.

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