Rupee gains 4 paise against dollar, Sensex up 54 pts

Rupees-GainThe rupee’s good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows.

Forex dealers said the weakness in the greenback against other currencies overseas and a higher opening in the domestic equity market also supported the rupee.

Yesterday, the rupee had surged by 10 paise to close at a nearly two-month high of 67.37 on sustained dollar unwinding from exporters and banks amid weak overseas trend.

Meanwhile, the benchmark BSE Sensex rose 53.97 points, or 0.19 per cent, to 28,280.58, in early session today.

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BSE Sensex made a decent start climbing 54 points to 28,281 in opening trade Friday on sustained buying by investors amid foreign fund inflows and mixed Asian cues.

The 30-share index was trading higher by 53.97 points, or 0.19 per cent, at 28,280.58, with healthcare, PSU, technology, metal, realty, oil and gas and power goods stocks staying in good shape.

The gauge had gained 570.65 points in the previous two sessions as the markets gave a thumbs up to the Budget.

The NSE index Nifty too was up 4.40 points, or 0.05 per cent, at 8,738.65.

Sun TV Network soared 24.69 per cent to Rs 688.10 after a special court on Thursday acquitted former telecom minister Dayanidhi Maran, his brother and promoter Kalanithi Maran and others in the Aircel-Maxis deal case lodged by CBI and the Enforcement Directorate (ED).

Japan’s NIkkei rose by 0.56 per cent as investors waited for key US jobs data to be released later in the day while Hong Kong’s Hang Seng fell 0.74 per cent in early trade.

Shanghai’s Composite index was down 0.66 points.

The US Dow Jones Industrial Average ended 0.03 per cent lower on Thursday.

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