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Sensex surges 2 percent as banks rally

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Reuters MUMBAI
Last Updated : Mar 02 2016 | 4:13 PM IST

MUMBAI (Reuters) - The Sensex jumped nearly 2 percent on Wednesday to post its best two-day gain in almost seven years, led by banking stocks after the Reserve Bank of India (RBI) eased capital requirement rules, while other blue chips gained tracking a rally in Asian markets.

The benchmark index jumped 1.95 percent to close at 24,242.98 points. The index posted its best two-day gain since July 2009.

The broader Nifty rose 2.03 percent to end at 7,368.85 points, marking its biggest two-day gain since March 2015.

(Reporting by Aastha Agnihotri; Editing by Biju Dwarakanath)

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First Published: Mar 02 2016 | 4:06 PM IST

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