Sensex rallies most in 19 months, up 732 pts

Value buying helps erase most of Thursday’s plunge.

Govt seeks to reassure markets on deregulation of fuel prices

Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.

With the elections just a few months away, Mr Jaitley can ill-afford rising inflation.

There are hopes in some quarters that the Reserve Bank of India would intervene to stop the rupee’s slide.

Trade deficit widened to USD 14.62 billion from USD 13.84 billion in May 2017.

Broader markets continued to under perform as markets turned hesitant.

Foreign investors have pulled out a massive USD 4 billion (over Rs 26,700 crore) from capital markets so far this month.

The uncertainty over the formation of government in Karnataka also weighed on sentiments.

FPIs had pulled out over Rs 11,674 crore from the country's capital market in February.

Diesel accounts for 40 per cent of all oil products consumed in India and it’s the most important fuel for public transport.