Sensex Jumps 242 Points to 33191, Nifty at 10243

Sensex Jumps 242 Points to 33191, Nifty at 10243

Sensex Jumps 242 Points to 33191, Nifty at 10243

The index had lost 205 points on Thursday following the Reserve Bank of India's action on monetary policy where the central bank stayed pat on rate, keeping it unchanged at 6%, and raised the inflation forecast for the remainder of the financial year 2017-18. While the Sensex rose 188 points to 33,137, Nifty was up 63 points to 10,229 level.

The Sensex touched a high of 32,992.45 points and a low of 32,598.12 during the intra-day trade.

The benchmark BSE Sensex and the broad-based NSE Nifty continued its rally on Friday morning.

The market breadth was in favour of the declines on Monday afternoon with 782 stocks advancing as against 868 declines.

Interest-sensitive stocks took a beating, dragging the BSE banking index down by 0.49 percent. The Rupee opened at 64.55 a dollar on Friday.

Tata Motors (+1.7%), Vedanta (+1.6%), Maruti (+1.4%), IndusInd Bank (+1.36%) and UPL (+1.3%) were the top gainers on Nifty50. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,470.56 crore, while domestic institutional investors (DIIs) bought to the tune of Rs 1,074.39 crore yesterday, as per provisional data released by the stock exchanges.

Indices were also supported by gains in shares of banks, automobiles and metal companies.

The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41 per cent, while small-cap index finished 0.03 per cent down.

Major Asian indices closed higher. Japan's Nikkei led the way again with an early gain of 0.9 percent, adding to Thursday's 1.45 percent bounce. Shanghai Composite, however, shed 0.08 per cent. London's FTSE too fell 0.16 percent.