Mumbai, April 29: Benchmark Sensex rebounded nearly 610 points and broader Nifty settled above 24,100 on Wednesday following value buying in FMCG, auto and telecom shares amid earnings optimism and a rally in Asian markets.
In a volatile session, the 30-share BSE Sensex jumped 609.45 points, or 0.79 per cent, to settle at 77,496.36. During the day, it surged 1,095.6 points, or 1.42 per cent, to a high of 77,982.51.
The 50-share NSE Nifty climbed 181.95 points or 0.76 per cent to end at 24,177.65.
Among Sensex firms, ITC, Tech Mahindra, Maruti, Reliance Industries, Bharti Airtel and Mahindra & Mahindra were among the biggest gainers.
Rupee falls 20p, at fresh all-time low of 94.88 vs USD
The rupee depreciated 20 paise to close at its all-time low of 94.88 against the US dollar on Wednesday, pressured by rising Brent crude oil prices, hovering around USD 115 per barrel, and continued foreign capital outflows.
Forex traders said the elevated crude oil price is likely to sharply impact India’s import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety.
Also, analysts said that investors were awaiting cues from the upcoming US Federal Reserve policy decision.
Moreover, heavy foreign institutional investor (FII) selling so far this year further dented investor sentiment. (PTI)
