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Nifty, Sensex Clock Biggest Weekly Gain Since Mid-2016; Rupee Sees Best Day in 5 Years

The rupee firmed up 1.33 per cent to a five-week high of 72.495 against the dollar, as oil prices slipped further and headed for a weekly loss of more than 6 per cent.

Reuters

Updated:November 2, 2018, 4:52 PM IST
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Nifty, Sensex Clock Biggest Weekly Gain Since Mid-2016; Rupee Sees Best Day in 5 Years
Image for representation. (Photo: Reuters)
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Mumbai: Indian shares climbed on Friday and clocked their best weekly gain in nearly two-and-a-half years, as the rupee rose the most in more than five years and as crude prices softened.

The rupee firmed up 1.33 per cent to a five-week high of 72.495 against the dollar, as oil prices slipped further and headed for a weekly loss of more than 6 per cent.

The broader NSE Nifty ended 1.66 per cent higher at 10,553, while the benchmark BSE Sensex closed 1.68 per cent higher at 35,011.65. The NSE index closed 5.21 per cent higher for the week while the BSE index added 4.98 per cent.

Housing Development Finance Corporation Ltd was the top boost to the NSE index, rising 3.5 per cent to its highest close since Sept. 21. HDFC Bank Ltd rose 2 per cent while oil-to-retail conglomerate Reliance Industries was up 1.8 per cent.

Weak oil prices boosted oil marketing companies. Bharat Petroleum Corporation Ltd, up 6.7 per cent, was the top gainer on the index.
| Edited by: Ahona Sengupta
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