Mumbai: The BSE standard Sensex on Wednesday surged by over 358 points to resolve the day at all-time final high of 22,702 after the IMF forecast of 5.4 percent growth in 2014 triggered hectic buying by FIIs who anticipate market- friendly policies by the new management post-elections.
Share brokers said that with a strong GDP forecast, rupee strengthening and increase being under control, markets could be in the middle of big rallies in the next couple of months.