Sensex surges to 32-month high

A benchmark index for Indian equities jumped 133 points Thursday to touch the highest level in over two-and-a-half years as a rebound in Asian stocks boosted sentiments at the markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) jumped 0.71 percent or 132.95 points to 18,799.66 points, the highest closing level since Jan 2008.

The country's benchmark index closed in the positive for the fourth successive day. The index has gained 3.08 percent or 561 points in the last one week.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty advanced 0.57 percent or 32.20 points at 5,640.05 points.

Of the 30 stocks trading in the Sensex, 18 advanced while 12 declined. The major gainers on the Sensex were Mahindra and Mahindra, up 3.16 percent at 655.40, SBI, up 3.05 percent at 2,982.50, HDFC Bank, up 2.67 percent at 2,240.45 and ICICI Bank, up 2.48 percent at 1,050.75.

Major losers included Cipla, down 1.68 percent at 306.45, Tata Motors, down 1.58 percent at 1,015.50, Reliance Infra, down 1.30 percent at 1,009.90 and ACC, down 1.13 percent at 9,80.15.

Most Asian markets advanced with Japan's Nikkei rising 0.82 percent at 9,098. Hong Kong's Hang Seng closed 0.37 percent higher at 21,167.

However, the Chinese Shanghai Composite index fell 1.44 percent to close at 2,656 points.

The European bourses opened in the positive. The FTSE 100 was trading 0.77 percent higher at 5,471 points.

The German DAX was ruling 0.46 percent up at 6,192 points and the French CAC 40 was trading 0.61 percent higher at 3,699 points

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