ZOOMS 448 POINTS TO 30,750

• ? The BSE benchmark trumped all closing records by hitting 30,750 with a jump of 448 points — its biggest single-day gain in over two months
• ? Today’s rally was the biggest since March 14 when it surged 496.40 points. The gauge had lost 269.33 points in the previous two sessions
• ? The minutes from the US Fed’s May 2-3 policy meeting was in large part responsible for the sudden spike in enthusiasm. It prompted investors to cover their short bets as Thursday was also the last day for May futures and options contracts

MUMBAI (TIP): Key barometer Sensex today trumped all closing records by hitting 30,750 with a jump of 448 points — its biggest single-day gain in over two months — after the US Fed signalled that it will wait for more data for a rate hike. The 50- share Nifty again got control of the key 9,500- level.

The minutes from the US central bank’s May 2-3 policy meeting, according to traders, was in large part responsible for the sudden spike in enthusiasm. This prompted investors to cover their short bets as Thursday was also the last day for May futures and options contracts.

The 30-share Sensex vaulted to an all-time high of 30,793.43 (intra-day) to close at a new peak of 30,750.03, up 448.39 points, or 1.48%, leaving behind its previous record closing of 30,658.77 reached on May 17.

Today’s rally was the biggest since March 14 when it surged 496.40 points. The gauge had lost 269.33 points in the previous two sessions.

The 50-share NSE Nifty again hit off the key 9,500 to scale the session’s high of 9,523.30 before ending at 9,509.75, up by 149.20 points, or 1.59%.

Source: PTI