Sensex up 143 points to 30-month high

The benchmark S&P BSE Sensex on Tuesday surged 143 points to 20,302.13,the highest level in 30 months

Written by ENS Economic Bureau | Mumbai | Published: July 24, 2013 1:49:11 am

The benchmark S&P BSE Sensex on Tuesday surged 143 points to 20,302.13,the highest level in 30 months,as the markets gave a thumbs-up to the RBI’s fresh curbs on gold imports and a drop in US home sales suggested the Fed would continue stimulus measures.

Tuesday’s close was the highest since 20,498.72 points on January 4,2011.

A day after the Reserve Bank of India tightened gold imports,jewellery stocks PC Jeweller,Tribhovandas Bhimji Zaveri and Titan Industries shares ended 6-19 per cent higher on the bourses.

The RBI has set stringent conditions for importers,a decision that will make jewellery costlier.

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