The domestic stock markets resumed their winning ways, today, to end at an over two-month high, while the rupee continued to make solid gains against the dollar. The Sensex at the Bombay Stock Exchange surged 275 points, or 1.1 percent, to close at 24,953, on across-the-board buying by investors. The Nifty at the National Stock Exchange jumped 92 points, to 7,604. The rupee strengthened for the third straight day, appreciating a good 25 paise, to an over two-and-a-half month high of 66.50 against the dollar. And global crude oil prices climbed to a 2016 high, as Brent crude oil futures rose to 42.31 dollars a barrel. Oil rose on expectations of a production freeze by major exporters, and dollar weakness.
News On AIR | March 18, 2016 8:21 PM
Sensex surges 275 points; Rs appreciates 25 paise against dollar