Share Market Today: Sensex Zooms 1,961 Points; Nifty Ends At 23,907. SBI, TCS Gain 4%
Share Market Today: On the 30-share Sensex platform, all the firms closed in the green, with SBI, TCS, Titan, ITC, Infosys, L&T taking the leading spots.
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Friday rebounded sharply, rising over 2 per cent each, driven by buying across sectors. The BSE Sensex zoomed 1,961 points to settle at 79,117. The index scaled an intraday high of 79,218. On the other hand, the NSE Nifty50 settled at 23,907, rising 557 points.
Stock update
On the 30-share Sensex platform, all the firms closed in the green, with SBI, TCS, Titan, ITC, Infosys, L&T taking the leading spots.
In the broader markets, the Nifty Smallcap100 and Nifty Midcap100 indices closed higher by 0.90 per cent and 1.16 per cent, respectively.
Sectoral update
All sectoral indices closed in positive territory, except for the Nifty Media Index, which declined by 0.32 per cent. The Nifty IT Index led the gains, surging 3.29 per cent. Additionally, the Nifty FMCG, Nifty PSU Bank, and Nifty OMCs indices all ended over 2 per cent higher on Friday.
In the previous session on Thursday, the BSE benchmark Sensex declined 423 points to end at 77,155, while the NSE Nifty50 sank 169 points to 23,350.
Rupee rises 6 paise
The rupee recovered from its all-time low level and appreciated 6 paise to close at 84.44 (provisional) against the US dollar on Friday, supported by positive domestic equities. Forex traders said the rupee is trading in a narrow range as the US dollar strengthened in the overseas market and Brent oil continued to move up as fighting between Ukraine and Russia continued to gain investors' attention.
Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid. At the interbank foreign exchange, the rupee opened at 84.48 and touched an intraday low of 84.50 against the greenback. The unit ended the session at 84.44 (provisional) against the dollar, registering a rise of 6 paise over its previous close. On Thursday, the rupee depreciated 8 paise to settle at an all-time low of 84.50 against the US dollar.
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