Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
The Rupee advanced 9 paise against the Dollar to breach the 65 level at 64.95 — a fresh 17-month high — in early session on Wednesday on increased liquidation of the American currency by exporters and banks.
A higher stock opening and continued foreign inflows made the going easy for the Rupee.
However, the Dollar's recovery against some currencies overseas restricted the Rupee upmove.
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On Monday, scripting its second-biggest single-day gain this year, the Rupee had zoomed 37 paise to close at a 17-month high of 65.04.
Forex and money markets were closed on Tuesday for 'Gudi Padwa'.
The benchmark BSE Sensex rose further by 84.92 points, or 0.28 per cent, to 29,494.44 in early trade.
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