Sensex gains 185 points to 73,320 as rupee recovers
Business
The Sensex ended Thursday on a high, climbing 185 points to close at 73,320.
After a rocky start, the market bounced back thanks to strong buying in IT heavyweights like HCL Tech and TCS, plus banking leaders HDFC Bank and ICICI Bank.
The rally got an extra push from the rupee's sharp recovery after the Reserve Bank of India stepped in with measures to steady the currency.
Nifty rises 34 points after RBI
The Nifty also shrugged off early losses, finishing 34 points up at 22,713 after dropping over 2% earlier in the day.
The RBI's intervention not only stabilized the rupee but also helped restore investor confidence, just what was needed after global jitters linked to rising oil prices and international headlines.