Sensex rebounds 390 pts from day’s low, jumps 100 pts on fag-end buying in consumer stocks

Hi everyone, I am Akash Majumder from ET Markets. Welcome to ET Market Watch. Let's take a look at today's highlights:

Indian indices ended in the green after a laclustre trade on gains in index heavyweights. Fag-end buying drove Sensex nearly 390 points from day’s low to above 65,880. While Nifty topped 19,600.

Railway stocks were in news as IRFC, RVNL, and Ircon International fell up to 7% amid profit booking. Whereas, sugar stocks gained up to 5% riding on concerns over production in the wake of weak monsoon in the growing areas. Rana Sugar and Shree renuka sugar were the top gainers.

Shares of Jio Financial Services closed 2% lower ahead of its exit from Nifty50 and other indices of the NSE effective from Thursday, September 7.

In forex news, rupee dropped to the lowest level in more than 10 months to 83.18 vs US dollar, tracking broad losses in Asian peers and on oil price worries.

Thats all for today. Stay tuned for more daily market updates.