Stock Market Update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In early trade, the 30-share BSE Sensex rose 439.75 points to 83,624.55. Meanwhile, the Nifty also rose 132.05 points to 25,547.85.
Of the 30 companies on the Sensex, JSW Steel, Tata Steel, Mahindra & Mahindra, Adani Ports & SEZ and Bajaj Finserv were among the gainers. Meanwhile, Axis Bank, Tata Motors, Titan, Asian Paints and NTPC were the biggest laggards.
Rupee vs Dollar
The rupee maintained its bullish streak for the third consecutive session and rose 9 paise to 83.56 against the US dollar in early trade on Friday, boosted by a firm domestic equity market and weakening American currency. Lower crude oil prices also supported the Indian currency, though the unit was weighed down by some outflow of foreign funds, currency traders said.
At the interbank foreign exchange market, the Indian currency opened at 83.63 and strengthened further to 83.56 against the dollar, trading 9 paise higher than its previous closing level.
(With PTI inputs)
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