The Sensex rebounded over 145 points while the broader NSE Nifty settled above the 11,000-mark today, driven by a spurt in IT and pharma counters.
The dollar held below a one-year high on Friday as the latest comments from U.S. President Donald Trump spurred investors to take profits after a recent rally, while a weakening Chinese yuan capped risk appetite.
Sensex ended lower by 22.21 points at 36,351.23, while the NSE Nifty shed 23.35 points to 10,957.10.
The dollar rose to a one-year high on Thursday as investors strengthened bets on the currency’s long-term strength following upbeat comments on the U.S. economy by the Federal Reserve’s chairman.
Benchmark Nifty slipped 27 points to close at 10,980.45 today after the opposition tabled a no-confidence motion against the government, which dented investor sentiment.
The dollar rose towards a one-year high on Wednesday in the wake of bullish comments from U.S. Federal Reserve Chairman Jerome Powell about the strength of the U.S. economy.
The euro dropped 0.3 percent to $1.1619 EUR=, still above its 2018 low of around $1.15.
The BSE Sensex tumbled from its all-time high to end 147 points lower at 36,373.44 in choppy trade today after a no-confidence motion against the government was moved in the Lok Sabha.
The dollar held steady below a one-year high on Tuesday as investors grew wary about the currency’s outlook after a recent rally and concerns that U.S. economic momentum could peak soon.
The Sensex today rebounded by over 196 points to close at 36,519.96 as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices.