Sensex at 28,997; rebounds back at 115 points

The benchmark BSE Sensex bounced back by 115 to 28,997.81 in the late dawn on Thrusday. It opened high at 28,912.38 and was dangling in the range of 29,054.26 and 28,824.88 before striking the figures at 28,997.81 at 11.00 am. The affirmation for this would be the weakness of the rupee against the dollar.

On the other hand, the rupee went staggering at 16 paise against the mighty US Dollar.
As a result, the revenues of the IT firms have a boosted export.

The companies that hence gained momentum were Wipro (2.42 per cent), HUL (2.13 per cent), Axis Bank (2.13 per cent), HDFC (1.99 per cent), Infosys (1.63 per cent), Coal India (1.33 per cent), TCS (1.21 per cent) and HDFC Bank (1.19 per cent). As quoted in The Times of India.

According to the provisional data, the foreign portfolio investors sold shares worth Rs. 83.80

Key indices were among the Asian countries in Taiwan, Singapore and South Korea 0.33-0.67 percent, while climbing a comparatively higher figure of 0.44 per cent was Hong Kong’s Hang Seng

Making the highest move was China’s Shanghai Composite to 0.99 per cent.

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About Sanika Govekar

An avid reader with a love for English, an achiever; she has a burning desire to succeed. She wants to make a difference to the society and strongly believes that self-discipline and a monumental work ethic can beat natural ability. Aim to Major in Economics.