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6.6.12

Sensex gains most since January on rate cut hopes

Sensex

MUMBAI: The Sensex provisionally rose 2.5 percent, posting its biggest daily percentage gain since January 3, as hopes the RBIwould cut interest rates sparked a rally in sectors that could most benefit such as autos and banks.

The Sensex rose 2.5 percent to end at a provisional 16,424.21 points, marking its third consecutive daily gain.

The Nifty rose 2.8 percent, to a provisional close of 4,997.10 points.