By
Sensex rises 1% for second straight session as strong rupee lifts sentiment
Photo Credit: Reuters

Indian shares rose more than 1 percent for a second straight session on Tuesday, boosted by foreign fund inflows amid expectations Prime Minister Narendra Modi-led alliance would return to power after the general election.

Investor sentiment was also boosted by a strong rupee, which rose to a two-and-a-half-month high, and gains in broader Asian stock markets after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.

The benchmark BSE Sensex settled 1.30 percent higher at 37,535.66, its highest close since Sept. 18.

The broader NSE Nifty rose 1.19 percent to 11,301.20, its highest closing level since Sept. 17.

Bharti Airtel Ltd was the top percentage gainer on the NSE index, ending 5.4 percent higher.

Leave Your Comment(s)