Sensex Surges 2.7 - Market Update

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Market Update :

Sensex Surges 2.7%

Author: 123jump.com Staff
123jump.com
Last Update: 3:58 PM EDT April 07 2008

Mumbai stocks rose sharply after Sebi said that it is considering to streamline dual stock listing on exchanges in India and other countries. Rally in commodities in the region also lifted stocks. Sensex gained 2.7% to close at 15,757 and CNX Nifty added 2.5% to close at 4,761. ICICI Bank and Ranbaxy Laboratories led the advancers in the Sensex index. However, Maruti Suzuki India and Ambuja Cements led the decliners in the index. Reliance Communication is likely to launch service in Sri Lanka.

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