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1-min read

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.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Ahona Sengupta
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