Monday, 22 June 2015

Sensex Surges 414 Pts On Rate Cut Hope, Greece Deal Eyed

Posted by suhani varma on Monday, June 22, 2015 with No comments

The market staged spectacular performance on first day of the week, supported largely by banks on hopes of rate cut post good monsoon and ahead of Greece deal talks. The 30-share BSE Sensex rallied 466 points intraday, before closing at 27730.21, up 414.04 points or 1.52 percent. The 50-share NSE Nifty spiked 128.15 points or 1.56 percent to 8353.10. 

The broader markets also surged. The BSE Midcap and Smallcap indices gained more than 1.4 percent. Nearly 2 shares advanced for every share declined on the Bombay Stock Exchange.

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