Stocks surge for second day; rupee hits fresh low

Investor wealth grows ₹15.8 L cr in two sessions

- KISHOR KADAM & CHRISTINA TITUS

MARKETS EXTENDED THEIR recovery for the second consecutive session, supported by easing geopolitical tensions, a decline in crude oil prices, and emerging hopes of a potential deescalation in the ongoing conflict in West Asia. However, the rupee continued its downward journey, falling to a fresh low of 93.98 against the dollar.

The Sensex opened on a firm note, tracking positive global cues, and witnessed steady buying for most of the session. It hit an intra-day high of 75,849.76, rising 1,781.31 points, or 2.40%. However, marginal profit booking in the final hours trimmed gains, with it eventually settling at 75,273.45, up 1,205 points, or 1.63%. The Nifty climbed 2.41% (552.95 points) to an intra-day high of 23,465.35, before closing at 23,306.45, up 394.05 points, or 1.72%. On Tuesday, the Sensex and the Nifty had risen 1.89% and 1.78%, respectively.