The benchmark indices bounced up more than 1 per cent on Friday, after two days of ending in the red, led by a rise in the financial stocks and a ‘normal’ monsoon forecast during August-September by the India Meteorological Department (IMD). They also took cues from their global markets which inched higher following a tech-led rise on Wall Street.
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The 30-share benchmark index Sensex gained more than 1%, or 391 points to close at 37,556.16, while the Nifty rose 116.10 points higher at 11,360.80.