The Indian rupee closed at a four-month high on Friday against the United States dollar, PTI reported. The currency ended the week at 69.59, higher than the previous close by 27 paise. The rise in the Indian currency was the result of increased selling of the dollar by exporters and banks, and continued inflows of foreign funds, PTI reported. On Thursday, the rupee had gained 77 paise to close at 69.85 against the dollar.
The BSE Sensex closed 23.89 points, or 0.1%, higher at 36,194.30, while the Nifty 50 ended 18 points, or 0.2%, higher at 10,876.75. Both the indices shed their gains from the early session.
The stocks of Yes Bank and Wipro gained the most on both indices. The other gainers on the Sensex were Mahindra & Mahindra, Sun Pharmaceuticals and Kotak Bank, while those on the Nifty 50 were Cipla, Dr Reddy’s Laboratories Limited and Tech Mahindra.
The stocks of Tata Motors and NTPC declined the most on both indices. On the Sensex, the other stocks that lost were ICICI Bank, IndusInd Bank and Vedanta, while those of Hindustan Petroleum Corporation, Bharti Infratel and UPL Limited tumbled on the Nifty 50.
Other Asian markets had a mixed day. The Australia ASX All Ordinaries market closed 86.40 points down, Japan’s Nikkei 225 closed over 88 points up and Hong Kong’s Hang Seng over 55 points higher.