May 10, 2010 6:00 PM

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Sensex ends 561 points up

Sensex Snapping a five-session losing streak, the Sensex at the Bombay Stock Exchange gained a massive 561 points–its biggest single day gain in ten months–to close at 17,331, today. The Nifty at the National Stock Exchange zoomed 176 points, or 3.5 percent, to 5,194. The domestic bourses climbed amid a global stock market rally, after European policy-makers agreed on a 960 billion dollar rescue package to prevent Greece's fiscal woes from triggering a broader sovereign-debt crisis. So other Asian markets in Japan, China, Hong Kong, South Korea, and Singapore rose between 0.5 percent and 2.5 percent. European stocks posted phenomenal gains, with key stock indices in the UK, Germany and France shooting up by between 4.5 percent and 8.5 percent in intra-day trade.Back home, the rupee appreciated 62 paise, to close at 44.85 against the dollar.

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