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Bernanke talks up markets, Sensex jumps 180 points

The benchmark BSE Sensex on Thursday rose 180 points, or 0.9%, to close at a new six-week high of 20,128 on strong global cues after US Federal Reserve chairman Ben Bernanke said the bank had no plans to wind down its stimulus until the economy was back on track.

business Updated: Jul 18, 2013 21:22 IST
HT Correspondent
HT Correspondent
Hindustan Times

The benchmark BSE Sensex on Thursday rose 180 points, or 0.9%, to close at a new six-week high of 20,128 on strong global cues after US Federal Reserve chairman Ben Bernanke said the bank had no plans to wind down its stimulus until the economy was back on track.

The Nifty also rose 65 points, or 1.1%, to 6,038.

“Dealers expect volatility to perk up on Friday, given the weekly close and results by index major RIL,” said Amar Ambani, research head, India Infoline.

The rupee meanwhile fell 33 paise to 59.67 against the dollar, after Fed’s comments.

First Published: Jul 18, 2013 21:20 IST