Benchmark indices extended rally with the Sensex climbing over 500 points on the back of rupee appreciation and sharp recovery in oil prices after positive US-China talks over trade.
The 30-share BSE Sensex rallied 529.53 points or 1.54 percent to 34,961.50 and the 50-share NSE Nifty gained 166.10 points or 1.60 percent at 10,546.60.
About 1,523 shares advanced against 461 declining shares on the BSE.
Rupee Update:
The rupee appreciated 57 paise to 72.88 against the dollar at the interbank foreign exchange after crude prices fell to seven-month lows in the global market amid fresh foreign fund inflows.
The rise was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas, traders said.
They said a higher opening in the domestic equity market too supported the rupee.
The rupee had gained 50 paise to close at 73.45 against the US dollar Thursday, posting its biggest single-session spurt in three weeks on increased selling of the greenback by exporters, softening crude oil prices and upbeat economic numbers.
Foreign institutional investors (FIIs), which had been selling on Indian bourses, made fresh purchases worth Rs 348.75 crore Thursday, as per provisional data.
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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-up-600-pts-to-reclaim-35000-amid-sharp-rupee-gain-fall-in-oil-prices-3119841.html
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