Sensex zooms 375 points up; IT stocks gain

Mumbai, January 13: A benchmark index of Indian equities markets Monday notched up 375 points as information technology (IT) and bank stocks gained. The markets were upbeat on the hope that low food prices will cool off the wholesale inflation for December, the data for which is expected on Tuesday. India's headline inflation based on wholesale prices rose to 7.52 percent in November due to high fuel and food prices. Dipen Shah of Kotak Securities said markets rose sharply due to weak payroll data in the US, which re-ignited optimism that the withdrawal...