Sensex shoots up 300 pts on global rally

A good start to the trade on Diwali day - the 30-share BSE Sensex rallied more than 250 points and recovered all of its Friday losses following strong global cues on optimism about progress in resolving Europe's debt crisis.
European leaders have suggested that concrete decisions would be taken on the meeting on Wednesday.
EU officials suggest that a special purpose vehicle would be formed. The meet outlined plans to aid banks and are inching towards a revamped strategy for more details....

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