Sensex Zooms 950 Points, Rupee Gains On Solid Global Cues

Benchmark indices gained sharply in trade today on strong global cues. The sharp rally was on the back of strong closings across the US market, following inflation data, which was softer than expected.

In fact, stocks in the US saw their biggest rally in two years after October's reading of consumer price index, which inched up just 0.4% for the month and 7.7% compared to last year, marking a lowest annual increase since January.

The Sensex rallied by a whopping 997 points to trade at 61,604 points, while the Nifty gained 276 points in trade. Among the biggest winners from the Nifty were from the tech pack including names like Infosys, Tech Mahindra, Wipro, HCL tech and TCS.

Meanwhile, the Indian rupee opened at 80.68 to the dollar, which was a 7-week high for the currency.