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 made a positive start on Thursday by firming up 10 paise to 64.45 against the Dollar, with domestic equities playing along.
According to forex dealers, fresh selling of the American currency by exporters and banks caused by its weakness overseas gave the Rupee strength.
A higher opening in the domestic equity market only fuelled the uptrend.
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On 28 June, the Rupee had shed 2 paise to close at 64.55 against the greenback in limited trade on the back of stray dollar demand from importers.
In early trade on Thursday, the benchmark Sensex rose 159.85 points, or 0.51 per cent, to 30,994.17.
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