Sensex up 370 pts, crosses 18,500 mark in early trade

The benchmark Sensex continued with is rally and shot up by 370 points, crossing the 18,500 mark.

The benchmark Sensex continued with its rally and shot up by 370 points, crossing the 18,500 mark, in early trade on the Bombay Stock Exchange on Wednesday on aggressive buying by foreign funds.

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The 30-share index, which scaled the 18,000-point mark on Tuesday, added 370.13 points to touch 18,650.37 in first five minute of trade.

The broad-based National Stock Exchange index, Nifty, zoomed passed the 5,400 points level by adding 123.80 point at 5,451.05.

Marketmen said bourses remained bullish on the back of strong rally in overseas markets and foreign funds pumping in more money. They said Hong Kong market shares prices opened 1.51 per cent up,tracking Wall Street's gains on hopes of further cuts in US interest rates.

Sydney, Seoul, Jakarta, Shanghai and Hong Kong all closed at record highs in previous day's trade.