May 28, 2012 4:16 PM

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Sensex surges 199 pts to close at 16,417

The Sensex at the Bombay Stock Exchange rose 199 points, or 1.2 percent, at 16,417, today, amid rising Asian and European markets. The Nifty of the National Stock Exchange advanced 65 points, or 1.3 percent, to 4,986.

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