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Q.

Sensex went up today by 560 points. Is it only a technical correction or any other reason?

Asked by Good Citizen, 10 May '10 04:03 pm
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Answers (4)

 
1.

The benchmark Sensex has seen sharp bounce back and rallied 560 points on positive global cues. All global markets skyrocketed after European Union and International Monetary Fund agreed to provide rescue package to control spreading of Greece debt crisis to other Eurozone countries.

The Sensex closed at 17330, up 561 points and the Nifty was at 5193, up 175 points.
Answered by anantharaman, 10 May '10 04:18 pm

 
  
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2.

The IMF stimuli to Greece is expected to save some Europion countries from going insolvent.This news is responsible for such a big rise.
Answered by Damodar Biswal, 10 May '10 05:07 pm

 
  
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The markets today showed a spectacular performance with the Sensex ending 561points at 17,330 on the back of strong global vibes and gain in metal scrips. In broader markets, the Nifty moved up 175 points to end the day at 5,193 levels.
Answered by Musfer, 10 May '10 04:07 pm

 
  
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4.

Greece trouble are almost over , dow jones future was up, all european exchanges also up. in short, we followed the global cues
Answered by rajan, 10 May '10 04:05 pm

 
  
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