Sensex Up 122-points
Sensex ended up 122.21 points or 0.9% to 13,692.52.
Nifty rose 34.35 points or 0.83% to 4,161.25.
US stock futures rose boosted by Warren Buffett's Berkshire Hathaway's announcment of an infusion of $5 billion in Goldman Sachs Group. Goldman will sell $5 billion of preferred stock to Berkshire Hathaway, which will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share. Berkshire has five years to exercise the warrants. The Dow futures were up 83 points and the Nasdaq futures were up 14 points.
US-India civilian nuclear cooperation agreement moved closer to approval by Congress on Tuesday, 23 September 2008, when a key Senate Committee passed the deal with a landslide majority. However, the historic agreement is yet to clear a few hurdles in its final lap. The bill now goes to the floor of the Senate for the final ratification.
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