Sensex rises 250 points, Nifty reaches 11,000 |
Bombay Stock Exchange benchmark, Sensex jumped 250 points and National Stock Exchange`s Nifty breached the 11,000 mark in early trade on wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors. Similarly the 50 Share NSE Nifty reclaimed the 11000 mark, rallying 81.40 points or .74 percent at 11015.75. On Tuesday the sensex ended 34.07points higher at 36,616.81 and the NSE Nifty ended up 22.10 points to 10,934.35. The Indian Market is embracing for the monetary policy to be released on february 7th. Economic experts are expecting a status quo against a rate cut sometime back. RBI`s monetary policy committee began its three day review meet on tuesday.
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