Indices post best 2-month gains since 2009 with Sensex, Nifty up nearly 16%

The last time the indices posted bigger gains than this was in May 2009, following the re-election of the Manmohan Singh-led UPA government

The benchmark indices fell for the third consecutive session on Friday. However, they still managed to cap their best two months since 2009. The Sensex ended 129 points, or 0.34 per cent, lower at 37,607, while the Nifty fell 28.7 points, or 0.26 per cent, to end at 11,073.

Both the Sensex and the Nifty have gained nearly 16 per cent in the two months ended July 31. The last time the indices posted bigger gains than this was in May 2009, following the re-election of the Manmohan Singh-led United Progressive Alliance (UPA) government.

Experts say aggressive stimulus measures announced