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The benchmark equity indices Sensex and Nifty recovered on Thursday (March 27), after plunging dramatically the previous session. The rally coincided with purchases in heavyweights HDFC Bank and Reliance Industries.
The 30-share BSE benchmark Sensex rose 317.93 points, or 0.41 percent, to settle at 77606.43. The NSE Nifty rose by 105.10 points, or 0.45%, to settle at 23,591.95.
The Nifty Bank index, which follows the movements of the country’s top 12 listed banks, closed 366.85 points, or 0.72 percent higher, at 51,575.85.
Rupee falls on importer dollar bids, unassisted by an increase in Asian rivals
On Thursday, the Indian rupee declined 0.1% to 85.78 against the US dollar, driven by importer demand despite a weaker currency globally. Market fluctuations owing to financial year-end shifts and forthcoming holidays influenced trade, with oil corporations and international banks transacting in moderate dollar amounts.
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