Markets staged a strong comeback Wednesday after the recent rout as investors started accumulating battered financials, auto and metal stocks amid the rupee recovering from record lows.

The BSE Sensex, after a gap up opening at 34,493.21, rallied to hit a high of 34,858.35 before concluding 461.42 points, or 1.35 per cent higher at 34,760.89.

The broader Nifty too reclaimed the key 10,400 mark. It touched a high of 10,482.35, before finally settling at 10,460.10, showing a significant gain of 159.05 points, or 1.54 per cent.

Key indices stayed in the positive terrain through the session as buying activity gathered momentum.&nbsp;

The Sensex had lost nearly 175 points Tuesday as the rupee plunged to a record low amid unabated capital outflows by foreign funds.

Sentiment also got a lift after the SBI, coming to the rescue of cash-strapped NBFCs, decided Tuesday to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL&amp;FS group firms.

RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, market watchers said.

The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market Wednesday.

Selling also halted at emerging markets after the dollar turned weak from seven-week highs and steady crude oil prices also positively impacted sentiment.

Meanwhile, Brent crude, the international benchmark, was hovering around USD 84.30 a barrel.

Domestic institutional investors (DIIs) were net buyers as they bought shares worth Rs 1,526 crore Tuesday while foreign portfolio investors (FPIs) offloaded equities amounting to Rs 1,242 crore, provisional data showed.

Benchmarks largely benefited from value buying in beaten-down stocks, led by Maruti Suzuki, Tata Steel, Yes Bank and SBI amid a better trend at other Asian markets, traders said.&nbsp;

Markets staged a strong comeback Wednesday after the recent rout as investors started accumulating battered financials, auto and metal stocks amid the rupee recovering from record lows.

Markets staged a strong comeback Wednesday after the recent rout as investors started accumulating battered financials, auto and metal stocks amid the rupee recovering from record lows. The BSE Sensex, after a gap up opening at 34,493.21, rallied to hit a high of 34,858.35 before concluding 461.42 points, or 1.35 per cent higher at 34,760.89. The broader Nifty too reclaimed the key 10,400 mark. It touched a high of 10,482.35, before finally settling at 10,460.10, showing a significant gain of 159.05 points, or 1.54 per cent. Key indices stayed in the positive terrain through the session as buying activity gathered momentum. The Sensex had lost nearly 175 points Tuesday as the rupee plunged to a record low amid unabated capital outflows by foreign funds. Sentiment also got a lift after the SBI, coming to the rescue of cash-strapped NBFCs, decided Tuesday to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL&FS group firms. RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, market watchers said. The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market Wednesday. Selling also halted at emerging markets after the dollar turned weak from seven-week highs and steady crude oil prices also positively impacted sentiment. Meanwhile, Brent crude, the international benchmark, was hovering around USD 84.30 a barrel. Domestic institutional investors (DIIs) were net buyers as they bought shares worth Rs 1,526 crore Tuesday while foreign portfolio investors (FPIs) offloaded equities amounting to Rs 1,242 crore, provisional data showed. Benchmarks largely benefited from value buying in beaten-down stocks, led by Maruti Suzuki, Tata Steel, Yes Bank and SBI amid a better trend at other Asian markets, traders said.

Markets stage relief rally; banking, auto stocks lead

Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 850 points in early session Thursday as <a href="http://www.wionews.com/business-economy/rupee-continues-slide-against-dollar-hits-new-low-7377-169314">the rupee hit another low</a> amid weak global cues and fears of widening current account deficit.

The 50-share Nifty tumbled nearly 250 points to test the 10,600-mark.&nbsp;

Reliance Industries and Eicher Motors were the biggest losers among Nifty50 stocks, sinking 6.5 per cent each.

HDFC Bank, TCS, Infosys, HDFC, ITC, Bajaj Finance, HUL, ICICI Bank, Bajaj Finserv and IndusInd Bank were down 1-4 percent while L&amp;T, Bharti Infratel and Yes Bank gained more than 1 percent.

Meanwhile, international benchmark Brent crude breached the $86 per barrel level, nearing its four-year high.

Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here.

The rupee's plunge to a new record low of 73.72 against the dollar in early trade, too, weighed on investor mood.

Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting later in the day to discuss trade deficit and its impact on rupee as well as ways to boost exports, an official told PTI.&nbsp;

Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,550 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,402 crore Wednesday.

Elsewhere in Asia, Hong Kong's Hang Seng, Japan, Singapore and Taiwan were trading sharply lower by falling over 1 per cent.

The US Dow Jones Industrial Average, however, ended 0.20 per cent higher Wednesday.&nbsp;

(With inputs&nbsp;from PTI)

Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 850 points in early session Thursday as the rupee hit another low amid weak global cues and fears of widening current account deficit.

Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 850 points in early session Thursday as the rupee hit another low amid weak global cues and fears of widening current account deficit. The 50-share Nifty tumbled nearly 250 points to test the 10,600-mark. Reliance Industries and Eicher Motors were the biggest losers among Nifty50 stocks, sinking 6.5 per cent each. HDFC Bank, TCS, Infosys, HDFC, ITC, Bajaj Finance, HUL, ICICI Bank, Bajaj Finserv and IndusInd Bank were down 1-4 percent while L&T, Bharti Infratel and Yes Bank gained more than 1 percent. Meanwhile, international benchmark Brent crude breached the $86 per barrel level, nearing its four-year high. Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here. The rupee's plunge to a new record low of 73.72 against the dollar in early trade, too, weighed on investor mood. Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting later in the day to discuss trade deficit and its impact on rupee as well as ways to boost exports, an official told PTI. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting. Foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,550 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,402 crore Wednesday. Elsewhere in Asia, Hong Kong's Hang Seng, Japan, Singapore and Taiwan were trading sharply lower by falling over 1 per cent. The US Dow Jones Industrial Average, however, ended 0.20 per cent higher Wednesday. (With inputs from PTI)

Bloodbath in markets, Sensex nosedives over 850 points

The BSE benchmark Sensex cracked over 750&nbsp;points in early session Thursday as the <a href="http://www.wionews.com/business-economy/rupee-continues-slide-against-dollar-hits-new-low-7377-169314">rupee hit another low</a> amid weak global cues and fears of widening current account&nbsp;deficit.

The international benchmark Brent crude breached the $86 per barrel level, nearing its four-year high.

The 30-share Sensex was down as much as 634 points at 35,341.68 while the 50-share Nifty tumbled over 150 points to 10,663.65.&nbsp;

The laggards include Reliance Industries, Hero MotoCorp, Maruti Suzuki, Bharti Airtel, HDFC, Infosys, Coal India, SBI, HDFC Bank, M&amp;M, IndusInd Bank, Adani Ports, Axis Bank, NTPC, and PowerGrid, falling up to 4.75 per cent.

The gauge had lost nearly 550 points in the previous session Wednesday.

Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here.

The rupee's plunge to a new record low of 73.77 against the dollar by falling 44 paise in early trade, too, weighed on investor mood.

Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting later in the day to discuss trade deficit and its impact on rupee as well as ways to boost exports, an official told PTI.&nbsp;

Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,550 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,402 crore Wednesday.

Elsewhere in Asia, Hong Kong's Hang Seng, Japan, Singapore and Taiwan were trading sharply lower by falling over 1 per cent.

The US Dow Jones Industrial Average, however, ended 0.20 per cent higher Wednesday.&nbsp;

The BSE benchmark Sensex cracked over 750 points in early session Thursday as the rupee hit another low amid weak global cues and fears of widening current account deficit.

The BSE benchmark Sensex cracked over 750 points in early session Thursday as the rupee hit another low amid weak global cues and fears of widening current account deficit. The international benchmark Brent crude breached the $86 per barrel level, nearing its four-year high. The 30-share Sensex was down as much as 634 points at 35,341.68 while the 50-share Nifty tumbled over 150 points to 10,663.65. The laggards include Reliance Industries, Hero MotoCorp, Maruti Suzuki, Bharti Airtel, HDFC, Infosys, Coal India, SBI, HDFC Bank, M&M, IndusInd Bank, Adani Ports, Axis Bank, NTPC, and PowerGrid, falling up to 4.75 per cent. The gauge had lost nearly 550 points in the previous session Wednesday. Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here. The rupee's plunge to a new record low of 73.77 against the dollar by falling 44 paise in early trade, too, weighed on investor mood. Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting later in the day to discuss trade deficit and its impact on rupee as well as ways to boost exports, an official told PTI. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting. Foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,550 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,402 crore Wednesday. Elsewhere in Asia, Hong Kong's Hang Seng, Japan, Singapore and Taiwan were trading sharply lower by falling over 1 per cent. The US Dow Jones Industrial Average, however, ended 0.20 per cent higher Wednesday.

With rupee in freefall, Sensex tanks over 750 points

sensex-and-nifty

Sensex And Nifty, News on Sensex And Nifty, stories on Sensex And Nifty, articles on Sensex And Nifty, Sensex And Nifty stories at Wion, Sensex And Nifty news, Sensex And Nifty latest news

sensex and-nifty

Markets stage relief rally; banking, auto stocks lead

Bloodbath in markets, Sensex nosedives over 850 points

With rupee in freefall, Sensex tanks over 750 points