Sensex rises 793 points on govt's stimulus package; Nifty ends above 11,000

Sensex posts best figures in 3 months; rupee weakens as FPIs keep pulling out

The equity markets posted their best performance in three months on Monday, buoyed by the stimulus package provided by the government late last week to revive the economy.

The rupee, however, weakened as foreign portfolio investors (FPIs) continued to pull out money despite the decision of the government to withdraw the surcharge imposed on their earnings in the Budget presented in July. Gold prices continued their upward run, soaring to record highs as investors preferred to park their money in the safe haven asset in the uncertain global economic environment.

“The government’s flexibility and focus on ensuring such confidence-boosting measures