Markets soared after US retail sales posted fastest growth in 3½ years. Data on industrial activity and consumer prices also encouraging The figures confirmed Fed chief Ben Bernanke’s statement that ‘US recession is very likely over’ Hong Kong’s Hang Seng rose 2.6%, Korea’s Kospi 1.8% and the Australian index 2.4%. US markets too opened strong in early trade Oil crossed $71 a barrel while gold rose to an 18-month high of $1,018.15 an ounce. In India, gold hit an all-time peak of Rs 16,220/10gm .The sensex, which has gained over 1,800 points in a month, rose 223 points on Wednesday.Investors have gained nearly Rs 7 lakh crore in a month with BSE’s market cap now at Rs 56 lakh cr
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