Mkts bounce back from 5-mth low on rate cut hopes, oil prices
June 04, 2012  17:28
After plunging over 200 points to its lowest level in five months, the Sensex today erased early losses to close 23.24 points higher on the back of rate cut
hopes sparked off by RBI's comments, rupee gaining strength against dollar and crude oil prices falling to a 16-month low.  The late rally led by Larsen & Toubro, Reliance Industries and banks including SBI helped the Sensex to break a three-day losing streak where the 30-share index lost over 470 points.
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