Moneycontrol
Last Updated : Sep 12, 2018 04:25 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Markets recuperate, Sensex rallies by 300 points

Sharp buying among major sector such as banks, FMCG, infrastructure, metals, and pharmaceuticals led to the upmove on the Sensex and Nifty.

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Moneycontrol News 

A dramatic recovery by the rupee has helped benchmarks surge to high points. The Indian currency surpassed the level of 72 per US dollar-mark, leading to a massive buying among investors. The Sensex managed to end over 300 points higher, while the Nifty closed above the 11,350-mark.

Sharp buying among major sectors such as banks, FMCG, infrastructure, metals, and pharmaceuticals led to the upmove on the Sensex and Nifty. The Nifty Midcap index rose over one-third of a percent. The likes of HDFC Bank, Reliance and ITC, among others, rallied and helped the indices have a strong close.

 For more, watch the Markets@Moneycontrol show as Moneycontrol research analyst Shishir Asthana talks to Anchal Pathak about what moved the markets today.
First Published on Sep 12, 2018 04:25 pm
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