The Sensex, a benchmark index of the Bombay Stock Exchange composed of 30 most actively traded stocks in the Indian economy rose for the third straight session on Friday to reclaim the 36,000 mark for buying of foreign funds amid a rebound in the rupee.
After surging 400 points, the sensex gained points at 36,076.72, up 0.75%. Nifty on the other hand spurted 80.10 points/0.74%to 10,859.90. It can be observed that overall in the entire week while the Nifty advanced 105.9 points, the sensex gained 334.65 points. The biggest gainers in the sensex pack in the Friday session were some of the corporate biggies like ICICI bank, Tata motors, Vedanta, Induslnd bank, Sun Pharma and Bajaj finance, rising upto 2.98%. However, TCS, Bajaj Auto, Bharti Airtel and Infosys she upto 0.70%, stood as losers to some extent.
The rupee seems to have strengthened against US dollar and was trading 37 paise higher at 69.98. The gains was infused due to the fact that the government has decided to infuse Rs 28,615 crore into seven Public Sector Banks through recapitalization techniques. Hence, Baroda Bank, ICICI bank and Yes Bank gained 2%.
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