Wall Street and bargain hunters push prices

The FTSE-100 Index staged a welcome rally today, surging back to 5403.4. That's a rise of 88.6 points.

Dealers say the City is riding on the coat-tails of Wall Street, where the Dow Jones Industrial Average made a late surge after plunging by near to 400 points, and the tech-dominated Nasdaq closed over 65 points ahead.