Date:20/03/2008 URL: http://www.thehindu.com/2008/03/20/stories/2008032055261700.htm

Business

Sensex gains 161 points

MUMBAI: The markets looked upbeat on Wednesday with the benchmark Sensex gaining by over 160 points at close after the U.S. Federal Reserve announced a 75 basis point cut in interest rates which buoyed the investor sentiment across the globe.

The 30-share Sensex on the Bombay Stock Exchange had soared by more than 600 points in early trade on global cues such as interest rate cut and more-than-expected performance by top U.S. investment banks, Goldman Sachs and Lehman Brothers.

The Sensex settled at 14994.83, a fad lower than the crucial 15000 level but higher by 161.37 points over its last close.

The S&P CNX Nifty of the National Stock Exchange improved by 40.95 points to 4573.95. — PTI