Mumbai, November 30: Robust economic growth for the second quarter, coupled with an Asian rally, pushed the Sensex up by over 290 points to drive past the psychological 17,000 mark today after shrugging off the Dubai worries.
Markets surged in early trade in tune with Asian rally, which was attributed to the easing of Dubai concerns. The sentiment got a further boost after the news trickled in that the economy grew by 7.9 per cent in Q2 and the Sensex greeted it with a rally over 300 points on all-round buying support.
But the momentum lost some of its steam and the Bombay Stock Exchange 30-share barometer settled the day higher by 294.21 points or 1.77 per cent at 16,926.22 points. All Asian indices today gained over 3 per cent.
–Agencies