Snapping a week-long losing streak, the Sensex at the Bombay Stock Exchange jumped 260 points, or 1.6 percent, to 17,029 points, in opening trade, today, on buying by foreign funds, amid a firm trend in the Asian markets. Gaining further ground, the Sensex stood a massive 474 points, or 2.8 percent in the green, at 17,243, a short while ago. Stocks rose on the back of a strong recovery in the Asian bourses, on reports that the European Union has agreed on a 500 billion euro emergency fund to prevent Greece's debt-crisis from spreading to other countries. So key benchmark indices in Japan, China, Hong Kong, Indonesia, South Korea, Singapore and Taiwan were up by between 0.3 percent and 2.8 percent.
News On AIR | May 10, 2010 2:05 PM
Sensex surges over 470 points in afternoon trade