Sensex up 453 pts on strong global cues, rain forecast
Mumbai, July 14: Strong global cues and a forecast of favourable rainfall in July today propped up the BSE Sensex as the benchmark bounced back after a four-day losing streak by a whopping 453 points, the biggest gain since June 9.
Market sentiment was also bolstered by reports that Singapore upgraded its growth forecast after the construction and pharmaceutical sectors registered growth.
The Bombay Stock Exchange 30-share barometer settled the day at 13,853.70, netting a rise of 453.38 or 3.38 per cent over its previous close.