India stock market hits upper circuit

The Indian Sensex  at the BSE went up by 17.2 percent just after a two hour halt.

Trading on both the BSE and the NSE was halted for the day as markets hit a 20% upper circuit, after re-opening for trade.

Rupee soared more than 3 percent to five-month highs against the dollar.

Sensex of Bombay Stock Exchange (BSE) rose by 17.2% or 2,099.21 points to 14,272.63 points. On the other hand, Nifty of the National Stock Exchange rose by 17.7% or 651.5 points to 4,323.15 points.

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