Wednesday, March 14, 2012

India shares rise after government survives confidence vote; Sensex gains nearly 6 percent

Indian shares rose sharply Wednesday, a day after a tight confidence vote fell in favor of the government and ended weeks of political uncertainty.

The Bombay Stock Exchange's benchmark Sensex index gained 838.08 points, or 5.94 percent, to close at 14,942.28 points.

On the broader National Stock Exchange, the main S&P Nifty index rose 5.58 percent to close at 4476.80 points.

Indian markets have been volatile in recent weeks with several sharp declines as investors worried over inflation and the …

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