Sensex surges 473 points to recover from 20-month low


Mumbai: Equities staged a sharp pullback rally on Friday to recover from 20-month low as the benchmark BSE Sensex surged over 473 points to 24,435.66, tracking gains in global markets on hopes of a fresh stimulus from the euro zone and rebound in oil prices.
Sentiment also got a boost from the rupee, which rebounded from 29-month lows. It strengthened by 36 paise to 67.66 against the dollar (intra-day) at the forex market.

However, on a weekly basis, the BSE Sensex fell marginally by 19.38 points or 0.07 per cent while the broader NSE Nifty shed 15.35 points or 0.20 per cent, third in a row.


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