Sensex soars 385 points at close as rupee recovers, financials lead gains

Indian shares bounced back on Friday after two straight days of losses, starting July derivatives series on a strong footing led by energy and financial stocks as the rupee recovered from an all-time low and Asian peers staged a pullback. The¬†rupee,¬†which breached the 69 per dollar mark for the first time on Thursday, recovered tracking a rebound in Asian shares and currencies. The BSE Sensex surged 385.84 points to close at 35,423.48, whereas the broader NSE Nifty zoomed 125.20 points to 10,714.30 at close. Market sentiment across the globe was…

Read More