Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
The Rupee edged higher by 9 paise to 64.80 against the Dollar in early trade on Wednesday at the Interbank Foreign Exchange on fresh selling of the US currency by banks and exporters.
Forex dealers said a higher opening in domestic equity market also supported the Rupee but the Dollar's strength against some currencies overseas, capped the Rupee's gain.
The Rupee had slumped by a whopping 34 paise to end at a fresh seven-week low of 64.89 against the American currency in the trade on 23 May on the back of frantic Dollar demand.
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Meanwhile, the benchmark BSE Sensex recovered 120.54 points or 0.40 per cent to 30,485.79 in early trade.
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