Sensex Rises 272.60 Points, after Falling 800 points Over Three Session

Sensex Rises 272.60 Points, after Falling 800 points Over Three SessionAfter falling over 800 points in three sessions, the Sensex is reported to have risen 272.60 points today, ending over the major 17,000 level, as the NSE benchmark went up 88 points regaining the 5,150 mark.

Also, the increase came owing to the Fed's decision to maintain interest rates at a record near zero level to `kick start' the American economy. Hence, Fed's move came about, during the relief rally on the Dow, which surged 429 points, and is the tenth biggest point's gain ever to occur overnight.

All the Asian markets ended with gains, as European stocks were also traded higher, and several analysts anticipate the `pullback' to be temporary with Sarvendra Srivastava of Emkay Global stating: "The Nifty might bounce in the short term to 5,250-5,400 levels before reversing and breaking 4,940 levels on the downside".

However, India is said to be in a much better position than any global economy, which will favor India on the long run, and if the global economy gets slow, crude will come off. This is referred to as `blessing in disguise for the economy', though moving forward may lead to decline in interest rates.