Sensex jumps 636 points, rupee extends recovery over easing crude price

WION Web Team
New Delhi, Delhi, India Published: Nov 02, 2018, 11.55 AM(IST)

File photo Photograph:( Reuters )

Story highlights

The BSE Sensex jumped 636 points to settle at 35,067 while NSE's Nifty50 index reclaimed 10,576 marks, up by 195 points.

 

The stock mark indices made a powerful comeback on Friday afternoon after opening on a strong footing.

The BSE Sensex jumped 636 points to settle at 35,067 while NSE's Nifty50 index reclaimed 10,576 mark, up by 195 points.

The BSE benchmark Sensex reclaimed the key 35,000-mark after nearly one month by surging over 570 points in late morning trade.

The pace gathered momentum, triggered by fall in global crude prices and encouraging corporate earnings in addition to the positive leads from other Asian markets.

All the sectoral indices led by auto, metal and oil & gas were trading in the positive terrain with gains up to 3.67 per cent.

Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the US $73-mark to quote at a seven-month low of US $72.65 by falling 3.48 per cent, traders said.

The rupee continued its recovery into a second session and firmed up 0.9 per cent to 72.78 against the dollar as oil prices slipped on surging output by the world's three largest producers. 

(With inputs from agencies)

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