Sensex jumps 1,330 pts to 2-week high on easing US recession fears, rate cut hopes
Sensex jumps 1,330 pts to 2-week high on easing US recession fears, rate cut hopes
MUMBAI: Benchmark Sensex spurted by 1,330 points to close at a two-week high while Nifty jumped 397 points to settle above the 24,500 level on Friday as easing fears of a recession in the US triggered buying in IT shares amid a sharp global stocks rally.
The 30-share BSE Sensex jumped 1,330.96 points or 1.68 per cent to settle at 80,436.84, marking its best single-day gains in more than two months. During the day, it zoomed 1,412.33 points or 1.78 per cent to 80,518.21.
The NSE Nifty surged 397.40 points or 1.65 per cent to close at a two-week high of 24,541.15. As many as 47 Nifty shares closed in green while three closed in red.
