News Highlights

  • The 30-share BSE index ended 174.29 points or 0.33 per cent higher at 52,474.76

  • Gold prices rose Rs 441 to Rs 48,530 per 10 gram

  • Silver jumped Rs 1,148 to Rs 71,432 per kg, from Rs 70,284 per kg.

  • The rupee fell by 1 paisa to end at 73.07 (provisional) against the US dollar amid strengthening of the American currency against key rivals and rising crude oil prices.

Mumbai: Equity benchmark Sensex climbed 174 points to close at its all-time high on Friday, tracking gains in index heavyweights Reliance Industries, Infosys and TCS amid a largely positive trend in global equities.

After touching a record intra-day peak of 52,641.53, the 30-share BSE index ended 174.29 points or 0.33 per cent higher at 52,474.76.

Equity benchmark Sensex climbed 174 points to close at its all-time high on Friday. Meanwhile, gold prices rose Rs 441 to Rs 48,530 per 10 gram.

Similarly, the broader NSE Nifty advanced 61.60 points or 0.39 per cent to its lifetime peak of 15,799.35.

Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries.

On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.

"Domestic equities extended gains with key benchmark indices Nifty and Sensex recording fresh all-time highs," said Binod Modi, Head - Strategy at Reliance Securities.

A sharp rebound in IT, metals and RIL supported benchmark indices. Expectations of sharp recovery in economic activities and indications from government to roll out capital expenditure programme for FY22 faster lifted sentiments, he added.

Elsewhere in Asia, bourses in Shanghai and Tokyo were in the red, while Hong Kong and Seoul ended on a positive note.

Equities in Europe were largely trading with gains in mid-session deals.

International oil benchmark Brent crude was trading 0.22 per cent higher at USD 72.68 per barrel.

Gold Jumps Rs 441; Silver Zooms Rs 1,148

Gold prices rose Rs 441 to Rs 48,530 per 10 gram in the national capital on Friday, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 48,089 per 10 gram.

Silver also jumped Rs 1,148 to Rs 71,432 per kg, from Rs 70,284 per kg in the previous trade.

In the international market, gold was quoting marginally lower at USD 1,896 per ounce and silver was flat at USD 28.15 per ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Gold prices traded marginally down with spot prices at COMEX (New York-based commodity exchange) trading at USD 1,896 per ounce on Friday."

Rupee Slips 1 Paisa To Close At 73.07 Against US Dollar

The rupee on Friday fell by 1 paisa to end at 73.07 (provisional) against the US dollar amid strengthening of the American currency against key rivals and rising crude oil prices.

At the interbank foreign exchange market, the rupee opened at 72.97 per dollar as against its previous close of 73.06.

It hovered in the range of 72.91 to 73.09 during the day before ending at 73.07.

The domestic currency has lost 27 paise in the last four trading sessions.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 90.21.

"The USDINR spot is hovering around 73 zone, and fears of rising international crude oil prices is leading to importers demand. In spot, the immediate resistance lies around 73.20-73.30, only a consistent trading above that can push prices towards 73.60-73.75 zone while 72.70-72.50 will act as a crucial support," said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.

Gupta further added that "the focus now turns on the big final event, the Fed's meeting next week, although there may not be much of a shift in rhetoric. If Fed hints that tapering discussion may be closer than before, a knee-jerk spurt may be witnessed in USDINR spot, but Fed won't rush into tightening the stimulus so overall the dollar will remain soft."

On the domestic equity market front, the BSE Sensex ended 174.29 points or 0.33 per cent higher at 52,474.76, while the broader NSE Nifty rose 61.60 points or 0.39 per cent to 15,799.35.

Brent crude futures, the global oil benchmark, rose 0.22 per cent to USD 72.68 per barrel.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 1,329.70 crore on Thursday, as per provisional data.

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