Market bounces back in early trade
Mumbai,
23rd
Jan
2008
:
The
Bombay
Stock
Exchange"s
benchmark
Sensex
opened
685.32
pts
up
at
17,415.26
while
the
NSE
Nifty
opened
3.75
pts
up
at
4903.05
on
January
23.
Relief rallied across the globe after US Federal Reserve's sharpest interest rate cut by 75 base points is likely to give a leg-up to Indian equities. The Federal Reserve announced an emergency inter-meeting rate cut on jan 22 and gave indications that it will lower rates further.
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Story first published: Wednesday, January 23, 2008, 20:10 [IST]