Wednesday, August 10, 2011

Sensex closes up 272 points after 6 days of bloodshed

The BSE benchmark snapped a six-day losing streak, on Wednesday, rallying 1.6% following strong global cues, which included the US Federal Reserve’s pledge to keep interest rates near zero for two more years.

However, a volatile European market and fragile US index futures kept investors on the edge of their seats in the last hour of trade.

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