Indian Stocks Rally, Sensex Gains 2,070 Points as Crude Slides
By 2 p.m. Thursday, the Sensex rose 2,070 points to 79,371.40 and the Nifty 50 gained 596.20 points to 24,556.80. The report attributes the rally in part to falling crude prices.
Markets surged to their strongest session in months by early afternoon on Thursday, with the Sensex climbing 2,070 points, or 2.68 per cent, to 79,371.40 and the Nifty 50 rising 596.20 points, or 2.49 per cent, to 24,556.80 as of 2 pm, as crude oil prices extended their steep decline and foreign in…