BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday.
On Thursday, the rupee too slipped by 13 paise to close at 63.97 against the US dollar on fresh demand for the greenback from banks and importers.
“Deferral of China’s shares into MSCI index, strong global cues and stronger rupee lifted the sentiment,” said Gaurav Jain, Director at Hem Securities.
BSE Sensex today plunged by 245 points to 26,523.09 — its lowest in nearly eight months — on heavy selling in FMCG stocks amid prevailing drought fears and RBI’s cautions stance on economic recovery.
The BSE Sensex was trading in the negative terrain and was down over 300 points despite a repo rate cut announcement by the the Reserve Bank of India in its policy meeting.
The Sensex had hit a record high over 30,000 points earlier this year, but a sharp meltdown thereafter has brought it down to 27,643 points.
BSE Sensex closed at its highest level in nearly one month on Wednesday as blue chips advanced on resumption of buying by foreign investors.
Sensex rises 363 points or 1.3 per cent, Nifty surges 111 points or 1.35 per cent to close at 8,373.7.
It is important to note that the companies in the list are not small unknown companies but eight of them have a market cap of over Rs 10,000 crore.
The benchmark BSE Sensex fell over 302 points in early trade today to slip below the 27,000 level.
Volatility in the bond markets weighed on stocks across the region, adding to existing investor anxiety over the perilous state of Greece’s finances.
BSE Sensex gained over 218 points in early trade on the back of buying by funds as well as retail investors, tracking positive global cues.
Benchmark BSE Sensex rose by 374.72 points or 1.40 per cent to 26,973.83 in early trade.
Extending gains for the second day, the benchmark BSE Sensex today rose by 113 points in early trade.
The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19.