Indian equities

At close, Sensex ended 20.86 points or 0.04 per cent up at 58,136.36, while Nifty was up 5.40 points or 0.03 per cent at 17,345. PSU bank index surged 2.5 per cent on Tuesday, while IndusInd Bank, Asian Paints and NTPC were among the major contributors in the Sensex. About 1,889 shares have advanced, 1,483 shares have declined, and 122 shares remained unchanged.

At close, Sensex ended up 545.25 points or 0.95 per cent at 58,115.50, while Nifty ended 181.80 points or 1.06 per cent higher at 17,340.05. About 2,299 shares have advanced, 1,162 shares declined, while 195 shares remained unchanged. Mahindra & Mahindra Ltd, Power Grid Corporation of India Ltd, NTPC Ltd, Bharti Airtel and Maruti Suzuki India Ltd were the major gainers on the Sensex.

At the interbank foreign exchange market, the Indian currency ended at 79.02, as against 79.25 closed on the previous trading session. The rupee has touched a high of 79.00 and low of 79.22 before ending at 79.02. "USDINR spot closed 23 paise lower at 79.02, thanks to FPI flows turning positive and some carry trade interest. Improvement in forward premium has brought exporters into the market.

At close, Sensex was up 712.46 points or 1.25 per cent at 57,570.25, and the Nifty 50 was up 228.65 points or 1.35 per cent at 17,158.25. A total of 2,084 shares have advanced, 1,238 shares declined, and 135 shares were unchanged. Tata Steel, Sun Pharma, Bajaj Finserve, IndusInd Bank were major gainers on the Sensex.

"Rupee traded strong as dollar index witnessed weakness which pushed the dollar against rupee to low of 79.17 on Friday's trade as Fed's data-driven stance dragged the dollar lower at 106$... Crude price volatility kept gains somewhat limited in rupee as rupee rose from 80.00 to 79.25 in the week," said Jateen Trivedi, VP Research Analyst at LKP Securities.

The Indian stock indices went up on Thursday with the BSE Sensex gaining 1,041.47 points and the NSE Nifty 287.80 points. The Sensex closed at 56,857.79 points while the broader Nifty closed at 16,929.60 points. On Wednesday, the BSE Sensex had closed at 55,816.32 points and the NSE Nifty at 16,641.80 points. The gainers on the bourses were largely finance, banks and software companies.

At the close, Sensex was up 1,041.47 points, or 1.87 per cent, at 56,857.79, and the Nifty 50 was up 287.80 points or 1.73 per cent at 16,929.60. A total of 1,904 shares have advanced, 1,427 shares declined, and 148 shares were unchanged. Bajaj Finance, Bajaj Finserve, Kotak Mahindra Bank, and IndusInd Bank were major gainers on the Nifty.

"Rupee traded weak by 0.10 points at 79.90 drawing down on back of crude strength as Brent crossed above $104$ keeping pressure on rupee. Fed policy later in day shall give further impetus to dollar as any hawkish stance gives support to dollar and neutral statement can bring down the dollar," said Jateen Trivedi, VP Research Analyst at LKP Securities.

Domestic equities continued its northbound journey on the back of positive global cues and better than expected 1QFY23 earnings. Nifty opened higher and sustained momentum to close near day's high with gains of 114 points (0.7 per cent) at 16,719. Barring IT, pharma and oil & gas, all other sectors ended in green with banking and financial services being top gainers, up more than 1 per cent.

"Rupee traded in a range between 79.80 and 79.98. As dollar index traded in a range, broadly the trend for dollar is positive till the time it is above $105... next hurdle for dollar can be seen around $110, hence rupee can be seen weak... the trend continues towards 80.50," Trivedi said. He said the Rs 79.25 mark will act as resistance for rupee and break above Rs 79.25 will trigger short covering for rupee.