Bank and financial shares rose on the reckoning that the Fed move could put pressure on RBI to loosen its monetary policy. BSE Bankex touched an intra-day high of 8606.46 which is a record high for the index.
Major Gainers in the SENSEX are – ONGC, Maruti Suzuki India, HDFC Bank, HDFC and Tata Motors. Reliance Industries all hit an all time high of Rs 2,130 in intra-day trading.
Also read about what our corporate reporter has to say about Infosys Technologies’ bid for Sage in the UK.