Sensex, rupee jump most in a month; Tata Steel, Bajaj Auto rise over 3%

Brent crude traded around $78 levels, after gaining over 5 per cent during the week

The Indian markets on Friday jumped most in a month, mirroring a bounce in global equities, as investor sentiment improved after two days of turbulent selling. The risk-off bets eased after the US dollar weakened and China relaxed restrictions on foreign investments.

The benchmark Sensex closed at 35,423, up 386 points, or 1.1 per cent, the most since May 31. The rupee rebounded 0.5 per cent, the most since June 2, to end at 68.45 against the dollar. A day earlier, the rupee had touched a lifetime low of 69.09 amid a spike in global crude prices.

Finance Minister Piyush