Sensex, Nifty rise on rupee recovery, crude oil fall : Bulletin: Business Today
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Mkt Podcast: Sensex, Nifty rise on rupee recovery, crude oil fall

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May 25, 2018

The Sensex surged over 261 points to close at 34,924 level today, led by gains in energy, metal, infrastructure, auto and banking stocks. The index had rallied 318.20 points in the previous session.

The Nifty too went past the 10,600-mark and ended 91 points higher at 10,605 level. Strong recovery in the rupee against the dollar and unabated buying by domestic institutional investors added to the momentum, brokers said.

The Indian rupee recovered by 56 paise to close at 67.77 level to the dollar. ONGC, Tata Steel and YES Bank were the top Sensex gainers. The BSE oil and gas and auto indexes rose 412 points and 404 points, respectively and added to the stock market gains.

All 18 sectoral indexes except BSE consumer durables index (-0.29%) ended in the green. A sharp slide in the Crude and Dollar improved the frail macro indicators lighting a fire in the Nifty. MCX was the star performer of the day with a gain of 14% with media reports suggesting that regular bourses are eyeing the successful commodity exchange.
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