Sensex spurts 109 pts on inflation booster

Stock markets turned cheerful at midway as the Bombay Stock Exchange benchmark Sensex spurted nearly 109 points on better than expected inflation data released.

Stock markets turned cheerful at midway on Thursday as the Bombay Stock Exchange benchmark Sensex spurted nearly 109 points on better than expected inflation data released.

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The Sensex, which commenced the day higher, rose sharply by 108.99 points to 9,824.28 at 1230 hrs with most of the heavy-weight stocks recording handsome gains.

Similarly, the wide-based National Stock Exchange index Nifty rose by 37.40 points to 2991.75 at the same time.

Trading sentiment turned better on reports of inflation falling to 6.84 per cent for the week ended December 6 from 8.00 per cent in the previous week.

Buying activity was more confined to software exporters, media and banking sector stocks.