Sensex up 100pts, Nifty 30 pts
The markets started out strong in opening trades as the BSE Sensex opened at 17,065, up 107 points and the S&P CNX Nifty opened at 5,130, up 30 points.
A broad rally in the US markets, lost steam during the final minutes of trading, but stocks still ended sharply higher on Wednesday as investors welcomed the latest plan to recapitalize European banks.
European Commission president Jose Manuel Barroso said on Wednesday that policymakers need to act immediately to resolve the long-running crisis. Barroso also said that banks that do not satisfy capital requirements should be barred from paying out dividends and bonuses.
Overnight, the Dow Jones industrial average rose for more details....
A broad rally in the US markets, lost steam during the final minutes of trading, but stocks still ended sharply higher on Wednesday as investors welcomed the latest plan to recapitalize European banks.
European Commission president Jose Manuel Barroso said on Wednesday that policymakers need to act immediately to resolve the long-running crisis. Barroso also said that banks that do not satisfy capital requirements should be barred from paying out dividends and bonuses.
Overnight, the Dow Jones industrial average rose for more details....
Labels: Bombay stock exchange up 100 pts, BSE up, nifty up, sensex rises, Sensex up |
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