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Among the top gainers In Sensex were Mahindra & Mahindra, IndusInd Bank, Tata Motors, Bajaj Finance, and Bajaj Finserv rising up to 2.47 per cent.
Sensex Today.
The domestic equity market on Friday closed in the positive territory, with the BSE Sensex rising 226.59 points to close at 78,699.07 and the NSE Nifty ending the day higher by 63.20 points at 23,813.40. Among the top gainers In Sensex were Mahindra & Mahindra, IndusInd Bank, Tata Motors, Bajaj Finance, and Bajaj Finserv rising up to 2.47 per cent.
Vinod Nair, head of research at Geojit Financial Services, said, “The Christmas week trading ended on a subdued note; a lack of major triggers and caution ahead of the swearing of US Republican Party administration continued to impact the sentiment. While the rupee dropped to a new low, weighed down by the expectation of fewer Fed rate cuts, a widening trade deficit, and weak economic growth. The auto index outperformed, aided by an expectation of a pickup in volumes in December and comfort in valuation.”
In the opening trade, the BSE Sensex traded 300 points higher at 78,775 and the NSE Nifty traded 100 points up at 23,853. Among the top gainers were IndusInd Bank, Tata Motors, NTPC, Mahindra & Mahindra, and Bajaj Finance.
Asian markets were trading mixed. US market closed mixed on Thursday. The Dow Jones Industrial Average edged up 0.07% to 43,325.80, the S&P 500 fell 0.04% to 6,037.59 and the Nasdaq Composite fell 0.05% to 20,020.357. Indian benchmark indices had ended on a flat note in the volatile session on December 26. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 per cent at 23,750.20.
Meanwhile, the rupee on Friday hit its fresh all-time low of 85.80 per US dollar amid continued dollar strengthening and capital outflows from India.
