Sensex Reclaims 17,000 Mark, up 273 Points

Mumbai: The BSE benchmark Sensex on Wednesday snapped its six-day losing trend, gaining 273 points to reclaim the 17,000 mark on value-buying in IT, banking, realty and auto stocks amid firm global cues on the US pledge to keep its economy alive by keeping interest rates close to zero. The Bombay Stock Exchange's bellwether index, which lost 1,455 points in the last five runs and tumbled to a 14-month low, today recovered 272.60 points and closing at 17,130.51. The world markets cheered as the US Federal Reserve announced it would keep rates near zero for at least two years and discussed a range of policy tools to bolster the economy.