The government emerging victorious in the confidence motion gave bulls the much needed trigger to trample bears on Wednesday.The confidence vote win in parliament meant that the government could revive stalled economic reforms. It also meant that the country could now go ahead and sign the civilian nuclear deal with the US which has the potential to significantly boost India's nuclear energy production.
The Sensex closed with a gain of 838 points at 14,942 while the Nifty closed at 4,476, higher by 236.70 points, marking their fifth consecutive day of gain.Not to be outdone, the rupee jumped 64 paise against the dollar to end at a two- month high of Rs 42.10.
The top gainers were Reliance Communications (12.20 per cent), ICICI Bank (11.64 per cent), BHEL (10.92 per cent), HDFC (10.92 per cent), SBI (10.45 per cent), Reliance Infrastructure (10.36 per cent), HDFC Bank (9.57 per cent) and DLF (9.12 per cent).
