The Bombay Stock Exchange benchmark index, Sensex, surged nearly 161 points to close at a two-week high level of 19414 points on fag-end buying in realty, IT and banking shares. The 30-share index resumed slightly weak and remained listless till late afternoon trade, moving in just over 60 points.
However, late buying lifted it to settle at 19413.54, a rise of 160.93 points. In straight three sessions, the index has risen by 535.58 points. The broader 50-issue National Stock Exchange index, Nifty, improved further by 44.70 points to close at 5,863.30.
The rupee appreciated by 16 paise to close at a one-week high of 54.56 against the dollar on hopes of robust capital inflows. Continued dollar selling by exporters ahead of the European Central Bank’s monthly policy meet boosted the rupee, foreign exchange dealers said. The rupee had risen by 20 paise on Wednesday. —PTI