Sensex zooms 425 pts amid global rebound; RIL shines

DN Bureau

Benchmark Sensex rebounded about 425 points to end well above the 38,000-mark Tuesday, breaking its two-day falling streak on gains in heavyweights RIL, SBI and ICICI Bank amid persistent foreign fund inflows and positive global leads.

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Mumbai: Benchmark Sensex rebounded about 425 points to end well above the 38,000-mark Tuesday, breaking its two-day falling streak on gains in heavyweights RIL, SBI and ICICI Bank amid persistent foreign fund inflows and positive global leads.

The broader NSE Nifty too inched closer to the key 11,500 mark. A stronger rupee, which climbed 19 paise to 68.77 against the US dollar (intra-day), also supported the rally, brokers said.

The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.

It finally ended at 38,233.41, up 424.50 points, or 1.12 per cent.

The gauge had lost over 575 points in the previous two sessions, tracking a sell-off across global markets.

The broader NSE Nifty climbed 129 points, or 1.14 per cent, to close at 11,483.25 Intra-day, it shuttled between 11,495.90 and 11,352.45. IT and teck indices, however, shed up to 0.58 per cent.(PTI)
 

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