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The rally was led by aluminium producer Hindalco, which surged 3.4 per cent to touch a one-year high of Rs 197.40 on the Bombay Stock Exchange.

 
 
In the previous session, the Indian currency had gained 40 paise to close at an over four-month high of Rs 45.25 against the US currency.
Rising for the second straight session, the BSE 30-share barometer ended 72.20 points higher at 20,117.38 - its best finish since January 15, 2008.
Sebi says foreign institutional investors have to, by October 1 end the practice of investing money collected from a single or few investors in stocks.
The FMCG major's scrip surged 5 per cent on the Bombay Stock Exchange, to Rs 317.25, taking the consumer durables index higher by 84 points.
Forex dealers attributed the gain to the government's move of raising the cap on foreign institutional investments and corporate debt by $5 billion, each.
Reacting sharply to the Sebi rejecting MCX's plea to be a full-fledged bourse, shares of the company tanked to a four-week low of Rs 1,242 on BSE.
 
 
Indian Oil Corp is banking on the reimbursement to clean up its books and show a profit for the first half of the current financial year (April- September).
He says the agreements, which would safeguard investors' rights and boost bilateral trade and investment, would be finalised soon.

Four Indian-Americans, including Sun Microsystems co-founder Vinod Khosla, are among Forbes 400 Richest People in US, a list topped by Microsoft's Bill Gates.

ONGC chief R. S. Sharma says the firm had 'consciously decided' not to put a bid against Vendanta Resources for the Cairn India- operated Rajasthan oilfields.
At 1.01 pm, the BSE benchmark was down 39.57 points, or 0.20 per cent, at 19,902.15, while the NSE index Nifty was down 22.70 points, at 5,968.30.