Market soars after a 4 day loosing streak

The devaluation of China’s currency has led to a global crisis and its effect was seen in the Indian economy as it too joined the global rout. The metal stocks took a huge blow on account of falling metal prices to all-time lows.

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But, the markets have bounced back today after the recent slump backing on positive cues from the Asian Indicies. The Sensex was up 455 points while the Nifty was up 146 points at the time of publishing.