Sensex rallies 181 points on OPEC deal, F&O expiry

Sensex rallies 181 points on OPEC deal, F&O expiry

MUMBAI: Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark on Thursday after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years.

Short-covering of bets with Thursday being the last session of September expiry in the derivatives segment kept the momentum on.

The 30-share index, which had gained 69.11 points in the previous session, rallied by 181.31 points, or 0.64 per cent, at 28,474.12.

Oil and gas, realty, PSU, auto and metal stocks were in a sweet spot, which gave the sentiment a lift.

The NSE index Nifty was also trading higher 55.50 points, or 0.63 per cent, at 8,800.65.