The Sensex and Nifty rose on Friday as the Reserve Bank maintained policy rate stability. Traders reported that a solid trend in Asian and European markets enhanced investor confidence.
The BSE Sensex ended the day at 65,995.63, up 364.06 points or 0.55%. At the same time, it rose 464.24 points, or 0.70%, during the day to 66,095.81. The Nifty, on the other hand, finished at 19,653.50, up 107.75 points or 0.55%.
Among Sensex businesses, Bajaj Finserv increased by about 6%, while Bajaj Finance increased by roughly 4%. Titan then climbed by 2.98%. Shares of IndusInd Bank, ITC, JSW Steel, Infosys, Tech Mahindra, Tata Consultancy Services, and Maruti closed in the green as well.
Hindustan Unilever, Asian Paints, Bharti Airtel, and HDFC Bank all closed in the red yesterday. The rupee gained strength.
The rupee finished 4 paise higher versus the dollar following the RBI’s interest rate announcement. On Friday, the domestic unit began at 83.21 versus the dollar and moved between a high of 83.28 and a low of 83.18 on the interbank currency market. It eventually finished at 83.21 (provisional) versus the dollar, up 4 paise from Thursday’s close of 83.25.