Taking Stock: Sensex, Nifty post biggest single day gains in 3 months

Markets across the globe witnessed relief rally on January 9 after the tensions between the United States and Iran eased, boosting investor sentiment significantly.

Indian equity benchmarks logged strong gains and investors lapped up equities across the board after crude oil prices softened, the rupee rose against the US dollar and media reports suggested that the government is gearing up for announcing bold measures in the upcoming Budget to prop up the economy.