Download
Mobile App

android apple
signal

January 28, 2025 7:53 PM

printer

Indian Stock Market Rises Over Half Percent, Boosted by Banking Sector; Rupee Weakens Against Dollar

Benchmark domestic equity indices today ended with gains of over half percent, led by Banking and Financial Services sectors following RBI’s announcement of measures to boost liquidity in the banking system.

 

The 30-share index at Bombay Stock Exchange, Sensex, rose 535 points, or 0.71 percent, to close at 75,901. Similarly, the National Stock Exchange Nifty-50 gained 128 points, or 0.56 percent, to settle at 22,957. In the Forex market, the rupee today depreciated by 19 paise to settle at 86 rupees and 53 paise against the US dollar. In the Indian Bullion Market, 24 Karat Gold was trading at 80,320 rupees per 10 grams, while Silver 999 Fine was trading at 90,690 rupees per kilogram, a short while ago. Brent Crude was trading at 77 dollars and 66 cents per barrel, and WTI Crude was trading at around 73 dollars and 67 cents per barrel, when reports last came in.