Sensex back to winning ways, jumps 234 pts on Fed minutes

06/05/2015 MUMBAI: A traffic signal in the foreground of the Bombay Stock Exchange's on Dalal Street seems to reflect the mood of the stock markets in Mumbai on April 6, 2015 the BSE Sensex was down by 722 points. Photo: Paul Noronha

The S&P BSE Sensex, on Friday surged on global cues and closed with gains of 234 points at 27079.51.

The CNX NSE Nifty too closed with a gain of 60.35 points at 8189.70, up 0.74 per cent.

Analysts said both global and domestic factors helped in the upbeat mood in the market.

“The market has moved higher tracking the global markets where risk appetite has increased on easing global risks. Commodity prices continue to rise and concerns over an immediate U.S. rate hike have receded. The Fed’s meeting minutes released on Thursday indicates a dovish stance, which has increased optimism on the possibility of a delay in rate hike,” said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services in a note.

“While on the domestic front, the market would be looking at the IIP and September CPI data to be released on Monday and Q2 results which will start next week,” he added.

Rupee gains 32 paise The Indian rupee on Friday opened at 64.90 against the dollar and finally closed with a gain of 32 paise at 64.74.