Markets

Sensex zooms 390 points on hints of Fed holding rates

Our Bureau Mumbai | Updated on October 09, 2014 Published on October 09, 2014




The Sensex surged 390 points to close at a one-week high of 26,637, tracking a rally in world markets. Global markets rose after the US Federal Open Market Committee’s minutes late on Wednesday suggested that it would take some more time for the Fed to raise interest rates.

The Nifty closed 1.5 per cent up at 7,961. FIIs sold equities worth ₹21 crore while domestic institutional investors bought ₹624-crore worth shares. Market players are anticipating that the Government will rely more on non-tax receipts for revenue, with tax collections set to be lower.

All sectoral indices closed in the green. The rupee also rose 35 paise to end at an over one-week high of 61.05 against the dollar



Published on October 09, 2014
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