The market had initially showed weakness in line with fall in Asian stocks on concerns over geopolitical tension after news that Malaysian airlines Jet downed at the
Buying in banking and capital goods also aided the Sensex to rebound and end in the positive terrain, brokers said. IT shares were in the limelight after country's largest software services exporter TCS announced better-than-expected quarter results late last evening, they added.
TCS was the second top gainer from the Sensex pack with a rise of 2.58 per cent.
Recently favoured two-tier stocks attracted profit booking by retail investors as their indices, BSE-Smallcap and BSE-Midcap, closed in the red, underperforming the Sensex, traders said.
The BSE 30-share barometer resumed stable and later moved down to a low of 25,441.24 on weak Asian cues.
It afterwards recovered gradually and touched a high of 25,713.40 before finishing at 25,641.56, a net gain of 80.40 points or 0.31 per cent. Previously, it had closed at 26,100.08 on
"The week saw benchmark indices rise by about three per cent as concerns on crude price eased.
The 50-issue NSE Nifty rose by 23.45 points, or 0.31 per cent, to end at two-week highs of 7,663.90.
The rupee continued its downslide mostly throughout the week and yesterday fell
Heavy capital inflows in local equities, however, restricted the rupee fall, said forex brokers.
The dollar index, a gauge of six major global rivals, was almost stable with downward bias.
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced sharply lower at 60.41 a dollar from previous close of 60.18 and declined further to a low of 60.46 on initial weakness in local equities.
However, recovery in stocks and late dollar selling by exporters helped the rupee to recover to a high of 60.2450 before concluding at 60.28, still revealing a fall of
Most Popular Stories
- Scholarships Offered for Hispanic Heritage Month
- Latin America Seeks Ways to Add Value to China Exports
- Boeing Succeeds in Early Wooing of China Airline Startups
- Hope Solo Sets Shutout Record in US Rout of Mexico
- Hurdles for Obama Health Law in Second Enrollment Season
- Etsy Says 'No' to Redskins Logo, Name
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- IS Releases New Beheading Video
- Detroit Bankruptcy: Pivotal Progress in Trial's Second Week
- Sneak Peek: A Roundup of 2015 New Models