Morning after trust vote, equity markets shoot up

July 23rd, 2008 - 11:56 am ICT by IANS  

A file-photo of Manmohan Singh

Mumbai, July 23 (IANS) Indian equity markets shot up the morning after the United Progressive Alliance government of Prime Minister Manmohan Singh comfortably won a crucial trust vote in parliament. The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened here at 14,568.22 points Wednesday, 464.02 points higher than its closing figure Tuesday.

Within 20 minutes of the opening, the Sensex had reached 14.673.32 points, 569.12 points or 4.04 percent above its previous close.

At the same time, the S&P CNX Nifty index of the National Stock Exchange was trading at 4.404.70 points, 164.60 points or 3.88 percent above its previous close.

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