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  • Sensex soars 314 pts as oil drops, optimism rises over budget

    Published on June 30, 2014

    Fall in global oil prices and optimism over the first Budget of the Narendra Modi-led sensexgovernment pushed up the benchmark Sensex on Monday by 314 points to close at 25,413.78, wrapping up one of the best quarters in recent years.

    Power, capital goods, PSUs, banking, consumer durables, healthcare, metals, auto and IT led the rally on expectations of strong reforms in these sectors in the next week’s Budget.

    After a higher start, the 30-share BSE index rallied to touch intra-day high of 25,460.96 before settling at nearly two-week high of 25,413.78, clocking a rise of 313.86 points, or 1.25 per cent.

    Of 30 Sensex scrips, 24 scrips rose. The gauge had gained 37.25 points on Friday.

    For the quarter ended June 30, the Sensex rose 3,027.51 points or 13.5 per cent on the back of robust inflows as the BJP government stormed to power at the Centre after polls.

    The BSE index gained about 1,196 points in June month.

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