Benchmarks closed higher for the second straight day today, propelled by a burst of buying in energy stocks even as crude oil prices soared to over three-year highs.
Sensex rose 35 points to close at an over two-month high of 34,450.77, while the broader NSE Nifty finished at 10,584.70, up 20.65 points.
Falling for the sixth consecutive session, the rupee weakened by 4 paise to 66.16 against the US dollar in opening trade at the interbank foreign exchange market today.
Global cues along with the policy stance of major global central banks and the ongoing quarterly results season are expected to guide the equity mkt's trajectory next wk.
Foreign investors have pulled out nearly Rs 8,000 crore from the Indian capital markets so far this month due to considerable volatility in global markets.
Sensex after moving between 34,311.29 and 34,487.33, finally settled 11.71 pts, or 0.03 pc, lower at 34,415.58, while Nifty closed 1.25 pts, or 0.01 pc down at 10,564.05.
Sensex slipped 12 pts to end at 34,415.58 as participants turned cautious after minutes of the last MPC meeting indicated the RBI may shift to a hawkish stance in June.
The key Indian equity markets provisionally closed higher on Thursday, tracking a similar trend in the benchmark Asian markets.
Markets ended marginally lower after nine consecutive sessions of gains owing to a fag-end rush among investors to unwind bets amid sustained foreign fund outflows.
The key Indian equity indices provisionally closed trade in the red on the back of heavy selling pressure in banks, consumer durables and auto stocks.
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