Partly Cloudy
21°CThu :Partly Cloudy. High: 32 Low: 20

Sensex soars over 700 points as rupee jumps to 64.10 Vs dollar

Sensex soars over 700 points as rupee jumps to 64.10 Vs dollar

Mumbai: The BSE benchmark Sensex maintained its rising trend for the fourth straight day on Tuesday, surging over 700 points at closing hour of trade on brisk buying by foreign funds led by telecom and auto stocks on firming rupee and a better global trend.

After climbing 1,030 points in the last three sessions, the Sensex spurted by 713 points to 19,983 at on heavy capital inflow.

Brokers said foreign investors remained net buyers in fundamentally strong stocks as the rupee continued its rising streak against the dollar.

The rupee resumed higher at 64.40 against the last weekend’s level of 65.24 per dollar at the Interbank Foreign Exchange Market and moved up further to 64.10.

They said telecom stocks climbed after the regulator TRAI suggested lowering prices for auctioning airwaves and auto stocks rose on higher car and scooter sales in August. ‘

The broad-based National Stock Exchange index Nifty jumped up by 213 points to 5,894 at the same time.

The rally was backed by stocks of Bharti Airtel, Tata Motors, Infosys, Bajaj Auto, Maruti Suzuki, Reliance Industries, ONGC, State Bank of India, ICICI Bank, Hero MotoCorp and ITC.

 

Top Stories

Porsche-Cayenne-Diesel-01

Porsche launches Platinum Edition Cayenne Diesel

August-21-2014
The Porsche SUV model home in India receives a pretty addition with the introduction of the Cayenne Diesel platinum Edition. This exclusive
Ms-dhoni

India still hopes for the best to win over England in ODIs

August-21-2014
Going in to a One-Day International (ODI) series once getting thrashed in the Tests before it’s very powerful for any team. but
lalu_nitish_360_3

Lalu & Nitish bonds togther for By-Elections in 4 States today in Bihar

August-21-2014
nited and Lalu’s Rashtriya Janata decaliter can test the bottom with today’s by-election prior to state elections next year. they have close
Deepika-

Here’s the secret behind Deepika Padukone’s busy scheduled..

August-20-2014
The ace actor has been working ceaselessly. She recently came from a busy schedule in Corsica, where she was shooting for Imtiaz
10501717_344395859042851_2069871719125963142_n

Google to announce mentorship programme regarding ‘Launchpad’ in India

August-20-2014
According to a newspaper reports, the company’s programme are heal in Bengaluru which will be a five-day affair staring on Nov 3
HDFC BANK_3C_--621x414

‘India’s Most Valuable’ is now HDFC Bank which is consider in BrandZ Top 50 ranking

August-20-2014
Mumbai : For the primary time ever in the country, global analysis agency Millward Brown, in conjunction with WPP, yesterday discharged the