Bench­marks rally most in nine­teen months

The Hindu Business Line - - STOCKS - PTI

Driven by fall in crude prices and re­cov­ery in the ru­pee, the BSE Sen­sex on Fri­day posted its big­gest sin­gle-day gain in 19 months, as global mar­kets re­bounded af­ter two straight ses­sions of losses.

The ru­pee strength­ened 53 paise to 73.59 (in­tra­day) against the dollar.

In­vestors lapped up re­cent­ly­ham­mered auto, realty, metal, oil and gas, FMCG, bank­ing, power, in­fra, IT, auto, and cap­i­tal goods stocks amid fund in­flow by DIIs ahead of the re­lease of key IIP num­bers for Au­gust and in­fla­tion data for Septem­ber.

Bear op­er­a­tors, who had been cre­at­ing short po­si­tions in the past sev­eral ses­sions, were seen cov­er­ing up po­si­tions, bro­kers said.

Maruti Suzuki was the big­gest gainer among the Sen­sex pack, ris­ing 5.89 per cent, fol­lowed by M&M up 5.29 per cent.

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