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Sensex jumps 380 points, Nifty hits 5550 amid global rally

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Friday, September 14, 2012, 09:23:12 (IST)
 
NEWS FLASH

The Indian markets opened with strong gains, with the BSE Sensex index pup 2 per cent and the 50-share NSE Nifty index hitting the 5,550 mark for the first time in 13 months Friday on the back of a global rally triggered by the US Federal Reserve decision to launch a third round of quantitative easing.

The government's decision to hike diesel prices has also cheered markets as investors have been concerned over the rising subsidy bill.
 

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