This Monday evening has got good news for the investors as the market has rallied for the fourth consecutive day. After a buoyant mood throughout the day on the Dalal Stree, the sensex has surged over 500 points – its second biggest gain of the year – to close at 26,786. The Sensex had gained 729 points on January 15, 2015.
Government data on Friday showed US non-farm payrolls in September rose by 142,000, considerably lower than the 203,000 jobs markets had expected. The report lowered expectations that the US Federal Reserve would raise interest rates this year.
The Indian rupee rose to one month high and was trading higher by 27 paise at 65.24 to the US dollar on dollar sales by exporters and strong gains in domestic equities.
Major European markets surged over 2%, while Japan’s Nikkei, which rose 1.5 per cent, led a broad-based rally in other Asian markets.
(With inputs from Agencies)