| Date: |
21-12-2013 |
| Subject: |
Markets surge as taper fears fade |
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MUMBAI: With two major events—the announcement on the extent of tapering by the US Federal Reserve and the monetary policy review—behind, the markets surged ahead on Friday. The benchmark Sensex closed above the psychological 21000 mark while the Nifty ended the day at around 6180 points. The Sensex jumped 371 points gaining about 1.8% while the Nifty was up 107.6 points, a 1.74% increase.
"The markets have given a thumbs up to the tapering. The positive trend is likely to continue when we return to trade on Monday," said Gaurang Shah, assistant vice president, Geojit BNP Paribas Financial Services.
"With the two major decisions by central banks out of the way, markets will now be guided by further announcements of the taper and implementation of the same, political expectations and corporate performance," said Dipen Shah, head, private client group research, Kotak Securities.
Source : timesofindia.indiatimes.com
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