Markets rise sharply two days on the trot on stronger rupee, weaker crude

Bond yields cool off, FPIs turn net equity buyers; All Sensex components, save Coal India and Infosys, ended with gains

The stock markets posted sharp gains for a second day in a row on Friday, after the rupee strengthened and crude oil prices and benchmark government bond yields retreated. 

Market players said investors were hoping for a positive outcome from the meeting between Prime Minister Narendra Modi and government officials on Friday evening. The meeting is being held to discuss the fall of the rupee and other economic issues. 

News of a fresh round of trade talks between the US and China boosted investor sentiment, lifting most global stocks. 

The 30-share BSE Sensex rose 373 points, or 1 per cent, to end at