With strong corporate earnings, upbeat global cues and investors’ buying spree, Dalal Street witnessed a historic stock market rally on Tuesday as Benchmark Nifty closed
above the 9,300-mark for the first time, while the Sensex surged 287 points to a three-week high of 29,943.24,
a little distance away from 30,000-mark.
Rupee too continued its upward trend to log a near 21-month high of 64.26/$ by surging 18 paise against the US dollar on sustained dollar unwinding from exporters amid positive global cues.
This is the rupee’s highest closing since August 11, 2015, when it had ended at 64.19/$ against the greenback.