Forex

Nifty Realty was the top gainer, rising 3.96%, followed by Auto up 2.6% and Metal higher by 1.78%. Nifty Pharma fell 0.66%, the only sector in the red.

After improving margins and exiting loss-making contracts, Rishabh Instruments is targeting growth from data centres, power infrastructure and the U.S. market.

On Friday, the NSE Nifty 50 rose 1.99% to close at 23,622.90, up 461.30 points. The BSE Sensex climbed 2.30% to 75,527.95, gaining 1,695.40 points.

Sectoral performance remained mixed, with pharma and banking stocks leading gains while defence and IT indices declined. Nifty Pharma rose 1.14%, while Nifty Defence fell 1.63%, while Nifty IT and PSU Bank declined around 1%.

Sectoral indices showed broad-based declines. Realty, Oil & Gas, PSU Bank and IT indices declined between 1.2% and 1.5%. FMCG rose 1.1%, while Financial Services edged up 0.32%.

All sectoral indices ended higher, except Nifty IT. Nifty PSU Bank was the top sectoral gainer, rising more than 3.5%.

INR Vs USD Rate Today: At the interbank foreign exchange market, the rupee opened at 95.35 against the US dollar, down 17 paise from its previous close.

The economist and PM-EAC member says India's domestic demand-driven growth model has helped it withstand major global shocks over the past decade.

On Friday, The Nifty 50 closed 49.85 points, or 0.21%, lower at 23,366.70. The Sensex ended 116.67 points, or 0.16%, down at 74,243.34.

By absorbing banks' full hedging costs on 3-5 year FCNR(B) deposits, the RBI is making it far more attractive to chase NRI dollars.

The government has also exempted foreign investors from capital gains and withholding tax on G-Secs.

Nifty India Defence rose 1.08%, followed by Nifty Energy at 0.6% and Nifty Auto at 0.54%. Nifty Realty gained 0.47%, while Nifty Pharma advanced 0.38%.

Gita Gopinath described the central bank's stance as appropriately data-dependent, balancing inflation concerns against signs of moderating economic activity.

The NSE Nifty 50 down 77.95 points, or 0.33%, at 23,405.60. The BSE Sensex fell 303.67 points, or 0.41%, to 74,346.17.

The NSE Nifty 50 rose 0.43% to close at 23,483.55, while the BSE Sensex gained 0.52% to end at 74,649.84.

The Sensex fell as much as 0.68% to 74,267.34, nearly 1,000 points below the day's high of 75,357.93.

During Friday's session, the Nifty swung from a gain of 0.4% to a loss of as much as 1.8%, touching an intraday low of 23,484.75.

The consensus view on Wall Street is for a key gauge of the dollar to tumble more than 1% by the third quarter and 2% by the fourth, according to forecaster data compiled by Bloomberg.

Nifty Oil and Gas fell 2.58%, leading sectoral losses, while Nifty Auto declined 2.29%. Nifty Consumption, Metal and Rural fell between 1.85% and 2.01%.

Nifty Energy, Realty, Auto and Consumption also traded higher, with gains ranging from 0.42% to 0.87%.