NSE Nifty, BSE Sensex surge as Indian rupee recovers, TCS shares hit all-time high

Aug 29 2013, 15:26 IST
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Indian markets rebound after RBI move to provide dollars directly to oil companies. Reuters Indian markets rebound after RBI move to provide dollars directly to oil companies. Reuters
SummaryIndian markets rebound after RBI move to provide dollars directly to oil companies.

The NSE Nifty rose more than 2 per cent and the BSE Sensex gained nearly 2 per cent, tracking a rebound in the Indian rupee which hit a record low on Wednesday, after Reserve Bank of India's (RBI) move to provide dollars directly to oil companies.

Mortgage lender HDFC shares surged 6.2 per cent, while software exporter Tata Consultancy Services (TCS) was up 2.9 per cent after earlier marking is all time high.

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