The stock markets NSE and BSE posted biggest gains in the recent times, touching new highs. The Bombay Stock Exchange surged 519 points on Friday, closing at 27,865 points while National Stock Exchange closed at 8,322 points gaining 153 points.
The global stocks are responsible for such positive results. The rally in Indian markets has also been fuelled by a sharp drop in global crude prices, which have hit a four-year low. The fall in Brent crude means significant savings for the Indian economy, which is likely to narrow both the current account deficit and the fiscal deficit.
(AW: Vamshi)
