India's Sensex Tops 16,000 for First Time After Fed Cuts Rates

Sept. 19 (Bloomberg) -- India's Sensitive Index crossed 16,000 for the first time after the U.S. Federal Reserve cut its benchmark interest rate more than expected, easing concern a housing slump will drive the world's largest economy into recession. Reliance Industries Ltd. led advances. ``Now that the U.S. concern has eased, investors will focus on India's domestic story of strong earnings growth and robust consumption,'' said Sanjay Dongre, who oversees about $1 billion in stocks at UTI A

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India's Sensex Tops 16,000 for First Time After Fed Cuts Rates

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