Equities opened strong on Friday with the BSE Sensex and Nifty rising. The rupee rose 5 paise against the dollar.
Friday marked the second straight positive stock benchmark index opening. Early trade saw the 30-share BSE Sensex increase 308.91 points to 72,156.48. Meanwhile, the Nifty climbed 91 points to 21,749.60.
Wipro, NTPC, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, and HCL Technologies gained the most on the Sensex.
US and Asian markets
Tokyo rose as Seoul, Shanghai, and Hong Kong fell. Thursday US markets fell mainly. Brent crude rose 0.39 percent to USD 77.89 a barrel. FIIs acquired Rs 1,513.41 crore in stocks on Thursday, according to market data.
Rupee versus Dollar
Positive domestic equities and foreign fund inflows lifted the rupee 5 paise to 83.19 against the US dollar in early trade on Friday. However, forex brokers claimed a strong American dollar and surging crude oil prices kept the Indian currency under pressure.
The local currency opened at 83.23 and touched 83.19 against the dollar in starting trade, up 5 paise from its previous level.
Conclusion
The BSE Sensex and Nifty opened in positive territory for the second day in a row, climbing 308.91 points to 72,156.48 and 91 points to 21,749.60. Tech Mahindra, Infosys, M&M, ICICI Bank, TCS, and HCL Technologies gained. Nestle India, IndusInd, HDFC, Kotak Mahindra, and Asian Paints lag. Seoul, Shanghai, and Hong Kong declined, but Tokyo increased. US stocks sank mostly Thursday. Brent rose 0.39% to USD 77.89. Foreign institutional investors bought Rs 1,513.41 crore in stocks Thursday
