Sense, Nifty surge over 1% on global lift

The Sensex and Nifty had fallen 2% in the previous three sessions before Thursday. Financial markets in India were shut on Wednesday on account of Eid-al-Adha. The market weakness has been on account of weaker-than-expected results from some top companies. Banking major HDFC Banks asset quality deteriorated in the June quarter, which caused a sell-off in financial stocks in the last few days.

via Economictimes