Sensex Surges Over 950 Points, Nifty Ends Above 17,800 For First Time | Read
The Indian equity benchmarks sky rocketed to record highs on Thursday on the back of strong global cues after the US Fed signaled that tapering could start earlier than market expectations. The Sensex rose as much as 1,030 points to hit record high of 59,957.25 and Nifty 50 index closed above its important psychological level of 17,800 for the first time led by gains in banking, financial services, and oil & gas shares. The Fed said last night it will likely begin tapering its monthly bond buying as early as November, and indicated it could raise interest rates more quickly than expected.
