Sensex closes in green up 104 points, Rupee climbs back to 82.75 against dollar

The rupee pared its initial losses and settled 4 paise higher at 82.75 (provisional) against the US dollar on Friday, tracking a positive trend in domestic equities.

PTIUpdated: Friday, October 21, 2022, 04:43 PM IST
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Indian indices were buoyed by corporate results. |

Equity benchmark indices managed to end in the positive territory after facing volatility in the latter part of the trade on Friday amid gains in Axis Bank and ICICI Bank.

Foreign institutional investors (FIIs) turning net buyers in the market on Thursday after many sessions also added to the momentum.

The 30-share BSE Sensex ended 104.25 points or 0.18 per cent higher at 59,307.15, logging its sixth day of gains. During the day, it jumped 388.03 points or 0.65 per cent to 59,590.93.

The broader NSE Nifty ended marginally higher by 12.35 points or 0.07 per cent at 17,576.30.

The rupee pared its initial losses and settled 4 paise higher at 82.75 (provisional) against the US dollar on Friday, tracking a positive trend in domestic equities.

From the Sensex pack, Axis Bank zoomed 8.96 per cent after the company on Thursday reported a 66.29 per cent jump in its consolidated net profit for the September quarter at Rs 5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion.

The other major winners from the 30-share pack were ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank, Nestle, Titan and UltraTech Cement.

However, Bajaj Finance, Bajaj Finserv, IndusInd Bank and Larsen & Toubro were among the laggards. In other Asian markets, Seoul, Tokyo and Hong Kong ended lower, while Shanghai closed with gains.

Stock exchanges in Europe were trading lower in mid-session deals. Wall Street had ended lower on Thursday. International oil benchmark Brent crude was trading 0.37 per cent lower at USD 92.02 per barrel.

Foreign institutional investors turned net buyers after many days as they bought shares worth Rs 1,864.79 crore on Thursday, as per exchange data.

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