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Monday, November 30, 2009

Sensex soars on robust Q2 data, easing Dubai woes

Mumbai, Nov 30 (PTI) The Bombay Stock Exchange benchmark Sensex today snapped the two-day 3.3 per cent losses, to close with a significant gain of over 294 points or 1.71 per cent, driven by the more than expected GDP growth at 7.9 per cent amid easing tension in the Dubai debt crisis.

The Sensex, which had lost 223 points on Friday on the Dubai bubble, recovered to close with a gain of 294.21 points to 16,926.22 soon after a report showed the economy grew by a significant 7.9 per cent in the second quarter of this fiscal, up from 6.1 per cent in the previous quarter. This is the fastest GDP growth in over 18 months.

The Benchmark touched the day's high of 17,026.91 during the day, as 26 of the 30-BSE Sensex counters closed higher and four ended lower.

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