Sensex jumps over 700 points to mark biggest single-day gain since May 2009

MUMBAI (Reuters) - The BSE Sensex and the Nifty jumped nearly 4 percent on Tuesday, their biggest single-day gain since May 2009, led by blue chips, as receding fears of a U.S.-led military strike on Syria and a sturdier rupee sparked hopes about foreign investor flows.

The Nifty and the Sensex rose 3.8 percent each.

Shares posted their fourth consecutive session of gains after foreign institutional investors (FIIs) bought nearly 20 billion rupees worth of cash shares in the previous three sessions.

Among blue chip shares, Housing Development Finance Corp rose 6.4 percent, while ITC gained 6 percent.

(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)