ECONOMY ANALYSIS:
US Federal's hawkish message a lever for rates
2G case: Anil Ambani reaches court to depose as CBI witness
Upbeat China Aug HSBC PMI points to stabilising growth
JSW Steel to hike price by 4-6% as coal gets costlier
RBI move short-term; only structural steps can close CAD
PM nixes DTC hopes, super-rich tax not conducive: Sources
MARKET ANALYSIS:
The S&P BSE Sensex rallied over 440 points in trade after opening on a weak note on Thursday, led by a rally in metal stocks by over 10 per cent, followed by oil & gas and IT stocks.
Shares of metal companies rallied 8-10 per cent after activity in China's vast manufacturing sector hit a four-month high in August as new orders rebounded.
The rupee also recovered sharply from day's low as buying activity in equities picked up. The partially convertible rupee was at 64.98, down 87 paise, against its previous close of 64.11 in trade today as on 03:00 p.m.
The rupee breached 65.5 against the dollar, to mark its fresh record low.
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