The domestic stock markets rose strongly, with the Sensex at the Bombay Stock Exchange consolidating initial gains, and surging 503 points, to 28,052 in afternoon trade. Similarly, the Nifty at the National Stock Exchange had spurted 158 points, to 8,514 a short while ago. The Chinese stock market had climbed 0.4 percent. At the forex market, the rupee recovered significantly from initial losses, and had lost just 5 paise, to 65.15 against the dollar in afternoon trade. But in early trade, the rupee had dropped as much as 24 paise against the dollar.