Sensex rises 359 points; Nifty ends near 14,900

Equity indices continued to surge for the fourth straight session on Thursday with the benchmark BSE sensex rising over 350 points led by gains in banking and FMCG stocks. After scaling an intra-day high of 50,212, the 30-share BSE index surged 359 points or 0.71 per cent to finish at fresh peak of 50,614; while the broader NSE Nifty settled 106 points or 0.71 per cent higher at 14,896.