BUSINESS

Sensex jumps 317 points

MUMBAI: Encouraged by a recovery in global stocks, the Bombay Stock Exchange snapped a three-day losing streak as the benchmark Sensex on Thursday gained 317 points, led by IT and metal stocks.

Reliance Petroleum reported a net profit of Rs. 84 crore in the quarter ended March 31, 2009, raising hopes that other key corporates may announce encouraging fourth quarter results.

The BSE 30-share barometer settled the day at 11134.99, a net rise of 317.45 points or 2.93 per cent over its previous close.

Rupee closes below 50-mark

The rupee gained against the dollar for the second day on Thursday on expectations of a good inflow of foreign funds after the rise in the Sensex.

In fairly active trading at the interbank foreign exchange market, the rupee resumed weak at 50.45/46 a dollar from its previous close of 50.34/35 but recovered afterwards to close at 49.92/94, showing a gain of 41 paise. — PTI

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