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Indian stocks rally on Japanese negative interest rate

Xinhua, January 29, 2016 Adjust font size:

Indian stocks surged Friday as a surprise announcement of negative interest rate by the Bank of Japan and a surge in crude oil prices gave the market a big lift.

The benchmark S&P BSE Sensex closed at 24,870.69, 401.12 points or 1.64 percent up from previous close of 24,469.57, with a turnover of 517.02 crore rupees (about 76.2 million U.S. dollars). Endit