Oil-to-telecom conglomerate Reliance ended 2.8 per cent higher and was the top boost to the Nifty.
By ETMarkets.com | Updated:
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Kotak Mahindra Bank climbed 1.8 per cent. The Nifty Pharma Index rose 2.7 per cent and reached its highest closing level in almost a year and a half.
Stock market ended higher on Thursday and the Sensex broke its longest streak of losses since March, spurred by gains in Reliance Industries, while the rupee breached the level of 72 against the dollar.
Investors bought Indian shares amid a rout in emerging markets stocks and currencies, lifting the broader Nifty by 0.52 per cent to 11,536.90, and the Sensex by 0.59 per cent to 38,242.81.
Oil-to-telecom conglomerate Reliance ended 2.8 per cent higher and was the top boost to the Nifty.
Kotak Mahindra Bank climbed 1.8 per cent. The Nifty Pharma Index rose 2.7 per cent and reached its highest closing level in almost a year and a half.
“Fundamentally, rupee should continue to depreciate against the US dollar in the longer run given the interest rate and inflation differential in the two countries. However, the sudden volatility seen in the rupee performance can be attributed to external factors such as global trade tensions, strengthening dollar, and overall weakness in emerging market currencies,” said Pushkar Mukewar, Co-Founder and Co-CEO, Drip Capital.
Here are all the bulk deals on NSE and BSE from Thursday’s session:
