Market Closing Updates: With ongoing foreign fund inflows and a bullish trend in the markets, benchmark indices ended on a strong note on Week ended Friday, adding to their day's gain.
The 30-share BSE Sensex increased 104.92 points or 0.18 percent to close at 59,793.14, closing at 59,793. It gained by 431.58 points or 0.72 percent throughout the day to reach 60,119.80. Similarly, the NSE Nifty gained 34.60 points, or 0.19 percent, to conclude at 17,833.35.
Tech Mahindra, IndusInd Bank, Infosys, HCL Technologies, Maruti, Tata Consultancy Services, State Bank of India, Wipro, and Axis Bank were the top gainers within the Sensex group of companies. On the other hand, the laggards were UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, and Bajaj Finance.
International Markets: During mid-session trades, European stocks were trading considerably higher. On Thursday, U.S. markets posted a positive closing result. In Asian Markets, Shanghai, Tokyo, and Hong Kong markets ended in the green. In the meantime, the benchmark Brent crude price increased globally by 1.73 percent to USD 90.69 per barrel. According to exchange data, foreign institutional investors (FIIs) were net purchasers on Thursday, purchasing shares worth Rs. 2,913.09 crore.
Indian Rupee Versus US dollar: The rupee strengthened 12 paise to settle provisionally at Rs. 79.57, following a solid performance by local stocks and foreign fund inflows. The local currency's opening rate on the interbank foreign exchange market was Rs. 79.66 per US dollar. During the session, it reached an intraday high of Rs. 79.47 and a low of Rs. 79.66. The rupee finally ended at Rs. 79.57, up 12 paise from its previous close of Rs. 79.69.
The dollar index, which gauges the strength of the dollar relative to a basket of six different currencies, decreased 0.98 percent to 108.63.
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