Indices at record highs on strong rupee, ease of doing business

It was a record-setting week for D-Street with benchmark indices closing at new peaks. Over the week, the Sensex gained 1.6 per cent and the Nifty rose 1.3 per cent to close at record high levels.

On Friday, the Sensex was up 112.34 points, or 0.3 per cent, at 33,685.56 and the Nifty gained 28.70 points, or 0.3 per cent, to end at 10,452.50.

The gains were driven by a rebound in the rupee, partly helped by India jumping 30 notches into the top 100 on the World Bank's Ease of Doing Business index.

Owing to the bulk deal of Bharti Airtel on the last day of the week, FPIs were net sellers of shares worth Rs 7,100 crore but excluding Friday's provisional data, FPIs bought Rs 2,600 crore between Monday and Thursday. DIIs sold shares worth `354.42 crore during the week.