Sensex breaches 60,000 pt mark with 200 pt gain, Rupee rises to open at 82.29 against dollar

The surge came despite volatility among stocks and mixed market sentiment globally.

FPJ Web DeskUpdated: Friday, October 28, 2022, 09:51 AM IST
article-image
Representational image |

Despite mixed global cues, Sensex rises 200 points to open on a positive note above the 60,000 market, while Nifty has inched closer to 17,800 with a 50 point jump. Even though all stocks were volatile, the FMCG and automobile sectors were among top gainers. Fear of inflation and recession remain persistent after ECB’s 75 point interest rate hike.

SBI Card’s stock saw a 5 per cent dip due to profit booking after the firm reported a 52 per cent rise in profit on Thursday. Energy stocks such as ONGC and Coal India made gains, while the metal sector was rusty with Tata Steel and Hidalco slowing down.

Rupee on the other hand gained 4 paise against the US dollar to reach 82.29 in early trade. The change came with the dollar softening due to a slide in consumer spending in the US.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

IKEA to launch first Delhi store by 2025

IKEA to launch first Delhi store by 2025

US Fed hints at slowing down rate hikes

US Fed hints at slowing down rate hikes

Five more Indian states to provide single window clearance for businesses

Five more Indian states to provide single window clearance for businesses

Power consumption in India up by 13.6% for Nov as economic activity speeds up

Power consumption in India up by 13.6% for Nov as economic activity speeds up

Indian govt slashes windfall tax on local crude oil and gas

Indian govt slashes windfall tax on local crude oil and gas