The Indian stock market closed trading with a rise on Friday. At the time of market closing, BSE Sensex closed at 82,814.71 with a gain of 316.57 points or 0.38%, while NIFTY 50 closed at 25,571.25 with a gain of 116.90 points or 0.46%. The market was bullish in 1842 recoveries, declined in 2167 recoveries, while there was no change in 153 recoveries. Major gainers on the Nifty included Hindalco Industries, NTPC, SBI Life Insurance, Larsen & Toubro and Coal India. Whereas Infosys, Tech Mahindra, HCL Technologies, Grasim Industries and Eternal were included in the declining recovery.
Except media, all other sectors closed in green mark.
Talking about sectoral index, except this (about 1% decline) and media, all other sectors closed in the green. Power, Metal, Capital Goods and PSU Bank indices recorded gains of up to 1-2% each. A mixed trend was seen in midcap and smallcap indices. BSE Midcap closed with a gain of 0.5%, while BSE Smallcap closed marginally lower.
Performance of companies included in BSE Sensex at the time of market closing.
Rupee fell 31 paise and closed at 90.99
On Friday, the rupee fell 31 paise to close at 90.99 (provisional) against the US dollar. This happened due to the strengthening of the American currency against major currencies and rising crude oil prices amid the increasing US-Iran tension. Forex analyst said that the positive momentum in the domestic equity market could not support the Indian currency. He attributed the strong dollar and volatile crude oil prices to rising tensions between the US and Iran, with both countries signaling they are prepared for war if talks over Tehran’s nuclear program fail.
At the Interbank Foreign Exchange, the rupee opened at 90.94 against the US dollar and touched an intraday low of 91.04 during the session. It closed the session at 90.99 (provisional), showing a huge fall of 31 paise from the previous closing level. On Wednesday, the rupee rose 4 paise to close at 90.68 against the US dollar. Currency exchange markets were closed on Thursday due to Chhatrapati Shivaji Maharaj Jayanti.
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