Markets open on high note as counting of votes begins in 5 states

With counting of votes underway in five states on Thursday, Sensex jumped over 1,100 points in opening session at 56,242.47. Nifty50 was up 400 points to start at 16,670. 

Meanwhile, the rupee appreciated 38 paise to close at 76.62 against the US dollar on Wednesday following a retreat in crude oil prices and rebound in domestic equities.

At the interbank forex market, the local unit opened at 76.90 against the greenback and witnessed an intra-day high of 76.53 and a low of 76.92.

The rupee closed at 76.62 against the American currency, registering a rise of 38 paise over its previous close.

(With agency inputs)