Sensex rises 282 points on banking shares, Nifty rose 87 points
On Friday, Amid continued investment of foreign investors and boom of global markets, Sensex settled with a strong 282 points, backed by HDFC Bank, Kotak Mahindra Bank and Bajaj Finance. The 30-shares Sensex of the settled Sensex rose 282 points, or 0.65 percent, to close at 43,882 points on Friday.
The Nifty of NSE is also rose 87 points or 0.68 percent to close at 12,859. Among Sensex companies, Bajaj Finserv was the biggest gainer by nine percent. Apart from this, the Sensex of Titan, Bajaj Finance, Kotak Bank, Bharti Airtel, Nestle India and NTPC also increased rapidly.
On the other hand, shares of big companies like Reliance Industries, Indusaland Bank, Sun Pharma, Axis Bank, ONGC and HUL declined. According to preliminary data, foreign portfolio investors (FPI) bought shares worth Rs 1,181 crore on Thursday. Kotak Securities vice-president Sanjeev Jarbade said that the Sensex settled for about one percent in the week of Diwali.
Rupee stronger by 11 paise against dollar
Continued buying by foreign investors and rapid rise in domestic markets led to the rise in the rupee on Friday. The rupee gained 11 paise to close at 74.16 per dollar in the interbanking currency market. The Indian currency strengthened to open at 74.15 and reached a high of 74.09 and a low of 74.21 per dollar. The rupee finally closed 11 paise higher at 74.16 per dollar in the midst of this fluctuation.