Rupee Soars To Wipe Out Year's Losses On Dollar Inflows

Sensex jumps 1.40% to settle at 77,984, while Nifty surges 1.32% to 23,658 points

- Reuters

MUMBAI: Benchmark equity indices Sensex and Nifty surged more than 1% on Monday amid fresh foreign fund inflows and buying in banking and oil & gas shares.

The 30-share BSE Sensex jumped 1,078.87 points or 1.40% to settle at over six-week high of 77,984.38. During the day, it zoomed 1,201.72 points or 1.56% to 78,107.23. The NSE Nifty surged by 307.95 points or 1.32% to 23,658.35. Intra-day, the benchmark zoomed 358.35 points or 1.53% to 23,708.75.

A positive trend in the US and European markets powered the rally in domestic equities, experts said.