Indices surge 0.7pc as sensex jumps almost 450 pts.

Indian shares advanced on Tuesday led by Banks, Financials and Consumer Durables as the rescue of troubled European lender Credit Suisse provided temporary relief, although contagion fears in banking cast a shadow. Many investors also remained on the sidelines waiting for cues on Fed's interest rate decision. The Nifty 50 index ended 120 points up to close above 17,000, at 17,107, while the SandP BSE Sensex rose 445 points and regained the 58,000-mark, to close at 58,074. Reliance Industries, the stock with the highest weightage in the Nifty 50, advanced more than 3 percent after global brokerage firm CLSA termed...