Sensex rallies 183 points on global cues


MUMBAI, OCT 23: Snapping its two-session losing run, the BSE benchmark Sensex on Friday raced to over two-month high of 27,470.81 by rallying over 183 points on hopes of another fiscal stimulus package from European Central Bank.
Indian markets took cues from a strong closing at Asian markets and a higher opening in Europe after ECB President Mario Draghi hinted that more rate cuts are being considered to reboot economy, which buoyed sentiment in the domestic market.
The 30-share BSE Sensex rose 183.15 points to close at 27470.81 and the 50-share NSE Nifty climbed 43.75 points to 8295.45 after hitting an intraday high of 8328.10. However, the BSE Midcap index lost 0.3 percent and Smallcap fell 0.4 percent.
On a weekly basis, both Sensex and Nifty climbed 256.21 points and 57.30 points, respectively, to log their fourth straight weekly rise.
Foreign portfolio investors (FPIs) net sold shares worth Rs 48.33 crore on Wednesday, provisional data showed.


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