The key Indian equity markets provisionally closed higher on Thursday, tracking a similar trend in the benchmark Asian markets.
Markets ended marginally lower after nine consecutive sessions of gains owing to a fag-end rush among investors to unwind bets amid sustained foreign fund outflows.
The key Indian equity indices provisionally closed trade in the red on the back of heavy selling pressure in banks, consumer durables and auto stocks.
The BSE Sensex gained about 90 points to close at 34,395 today as stocks made further headway powered by normal monsoon forecast and positive trend in Europe.
The rupee plunged by 29 paise or 0.44 per cent to close at a six-month low of 65.49 against the US currency.
Foreign investors have pumped in Rs 3,935 cr into the Indian debt markets in the first fortnight of the month, driven by a stable currency and attractive bond yields.
The Sensex ended with 3rd consecutive weekly gain by a solid 565.68 pts to conclude at 34,192.65, while Nifty reclaimed to close above the key 10,400-level at 10,480.60.
Sebi has decided to raise the investment limit for foreign portfolio investors (FPIs) in central government securities and corporate bonds in two tranches.
The rupee recovered 5 paise from its early losses against the greenback in late morning deals following bouts of dollar selling from banks and exporters.
The rupee staged an impressive recovery from its 5-month low towards the fag-end and ended higher by 5 paise at 65.26 against the US dollar.
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