The Sensex at the Bombay Stock Exchange rose 208 points in opening trade today as investors embarked on a buying spree. Market sentiments were cheered up by proposals in the 2011-12 Budget for raising FII investment limits and slashing surcharge on corporate tax. The Sensex, which gained nearly 200 points in the previous two trading sessions, added another 208 points to 18,032 points on the back of projections that the economy will grow by nearly 9 per cent in the next fiscal.
In a similar fashion, the broad-based National Stock
Exchange Nifty index also moved up by 60.55 points to 5,393.80
points today. Japan’s Nikkei index rose by 0.49 per cent in early trade today. In the US, the Dow Jones Industrial Average ended 0.79 per cent higher yesterday.
