MUMBAI: The Bombay Stock Exchange benchmark Sensex maintains rally and surges by 911 points on aggressive buying by domestic as well as foreign funds.
The 30-share, Sensex, which commenced the day with a hefty gain, rose 910.64 points to 18,132.38 at 1215 hrs.
The second wide-based National Stock Exchange index, Nifty, shot up by 288.90 points at 5,322.35 as most of the bluechip stocks rose on heavy buying.
Traders said the buying activity gathered momentum on expectations that the Reserve Bank of India might follow the US Federal Reserve's footsteps and cut interest rates in its meeting scheduled for January 29.
They said expectations are also running high that the US Fed might announce another cut in interest rates by 25 basic points.
A rally in share prices well maintained at noon on Friday with the Bombay Stock Exchange benchmark Sensex rising significantly higher by 910 points on agressive buying by domestic as well as foreign funds.
The Sensex, which commenced the day with a hefty gain, maintained the upward march by gaining 910.64 points at 18,132.38 at 1215 hours.
The second wide-based National Stock Exchange index nifty shot up by 288.90 points at 5322.35 as most of heavy-weight stocks rose on hefty buying.
Traders said the buying activity gathered momentum on expectations that the Reserve Bank of India might follow with the US Federal Reserve decision in cutting interest rate in its meeting on Tuesday.
They said the expectations also running high as the US Fed meeting on the same day, might cut another 25 basic point interest rate.
