Sensex surges over 600 points to 2013 high on US Fed Reserve's move

The Sensex of the Bombay Stock Exchange surged over 600 points after a stop-gap-up start and hit fresh high of 2013, as the US Federal Reserve took a decision to continue with the stimulus programme to boost economic sentiment. All the sectoral indices were in the green with banks, with realty and auto stocks leading the rally on hopes of dovish stance by the Reserve Bank of India Governor Raghuram Rajan at its policy review meet. At 9:35 a.m.; the 30-share index was at 20,509.93, up 547.77 points or 2.74 per cent. It touched a high of 20,567.61 and a low of 20,347.30 in early trade.