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Sensex jumps around 700 points to mark biggest single-day gain since May 2009

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Reuters MUMBAI

MUMBAI (Reuters) - The BSE Sensex and the Nifty jumped nearly 4 percent on Tuesday, their biggest single-day gain since May 2009, led by blue chips, as receding fears of a U.S.-led military strike on Syria and a sturdier rupee sparked hopes about foreign investor flows.

The Nifty provisionally rose 3.8 percent, posting its highest close since July 25. The BSE Sensex gained 3.7 percent to its highest close since July 24.

Shares posted their fourth consecutive session of gains after foreign institutional investors (FIIs) bought nearly 20 billion rupees worth of Indian cash shares in the previous three sessions.

Among blue chip shares, Housing Development Finance Corp Ltd provisionally rose 6.1 percent, while ITC Ltd gained 6.3 percent.

 

(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)

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First Published: Sep 10 2013 | 3:44 PM IST

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