Sensex up 400 points, Nifty hits 28-month high

May 15, 2013 12:01

Indian markets rallied sharply on Wednesday, with the BSE Sensex rising over 400 points and the broader Nifty regaining the 28-month high of 6,125, rising nearly 130 points. The Sensex traded above the psychological 20,000 mark. Strong buying interest was seen in banking stocks on hopes that the Reserve Bank will cut rates in June after April inflation eased to a 41-month low. The Bank Nifty surged over 2.5 per cent after RBI Governor Duvvuri Subbarao said he would take note of falling inflation when discussing potential interest rate cuts. More on NDTV.

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