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Sensex, Nifty advance for the fourth straight day; rise over 1%

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The Sensex closed 453.46 points up at 36,170.41 on Thursday while the Nifty 50 ended 129.85 points higher at 10,858.70. The indices rose for the fourth straight day led by metal and energy stocks as well as the favourable comment made by the US Federal Reserve.

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The Indian rupee gained to touch 69.85 a dollar in intraday trade, strengthening past 70 for the first time in three months. The rupee ended at 70.62 on Wednesday.

Crude oil crashed below $50 a barrel for the first time in more than a year as Russia signaled little urgency to commit to supply cuts.

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