The BSE Sensex rose by over 57 points in opening trade today, extending yesterday’s rally on sustained buying after Moody’s upgraded its rating of the country’s short-term foreign currency bank deposits to investment grade amid hopes of a rate cut by the RBI.
In addition, a firming trend on other Asian bourses supported the upside in stock prices here.
The 30-share benchmark index, which gained over 350 points in yesterday’s trade, rose further by 57.28 points, or 0.30 per cent, to 16,222.37 in opening trade today.
From: http://ping.fm/gUnUx
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