Sensex surges 358 pts

Mumbai : Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 358 points, or 2.1 percent, to 17,503, on renewed buying by funds, amid firm global markets, today. The Nifty at the National Stock Exchange spurted 113 points, or 2.2 percent, to 5,334.

Stock markets in Japan, China, Hong Kong, and South Korea rose between 0.8 percent and 1.4 percent, after Chinese inflation cooled slightly, and on optimism about Greece’s sovereign debt crisis.