Mkts cheer, Sensex adds over 250 pts
Sensex rose 1 per cent early on Thursday as trading got underway for the new year.
The BSE benchmark Sensex provisionally rose 2.74 per cent on the first day of the new year after slumping by more than half in 2008, with lower Inflation raising expectations for interest rate cuts by the central bank.
Reliance Industries and ICICI Bank led the gains.
The 30-share main BSE index provisionally closed 264.03 points higher at 9,911.34 on Thursday, with all but two of its components rising. The benchmark had plummeted 52.4 per cent last year.
The 50-share NSE index provisionally rose 2.46 per cent to 3,032.05.