The 30 inventory S&P BSE Sensex on Thursday ended session at 55,320.28, up by over 427.79 factors. The broader Nifty 50 of the Nationwide Inventory Alternate closed session at 16,478.10 – up by 121.85 factors.
Earlier, the Sensex began the day within the pink at 54,514.17 factors and slumped to a low of 54,507.41 factors within the early morning commerce. The Sensex turned optimistic within the late morning session rising to a excessive of 55,010.89 factors.
The Reserve Financial institution of India (RBI) on Wednesday hiked coverage repo price by 50 foundation factors to tame inflation. This has dampened the traders’ sentiments.
In the meantime, the rupee slipped 13 paise to hit its intra-day document low of 77.81 in opposition to the US greenback on Thursday, weighed down by elevated crude oil costs and chronic overseas capital outflows.
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