Sensex surges 2 percent as banks rally | Reuters

MUMBAI The Sensex jumped nearly 2 percent on Wednesday to post its best two-day gain in almost seven years, led by banking stocks after the Reserve Bank of India (RBI) eased capital requirement rules, while other blue chips gained tracking a rally in Asian markets.

The benchmark index jumped 1.95 percent to close at 24,242.98 points. The index posted its best two-day gain since July 2009.

The broader Nifty rose 2.03 percent to end at 7,368.85 points, marking its biggest two-day gain since March 2015.

(Reporting by Aastha Agnihotri; Editing by Biju Dwarakanath)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Mar 02, 2016 16:11 PM

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