The rupee opened at 72.89 against the United States dollar on Tuesday, weakened by 26 paise following the increased demand for the American currency from importers as global crude oil prices hit four-year high, Moneycontrol reported.
However, the Indian currency appreciated during the day’s trade, reaching 72.65 at 4.11 pm, two paise lower. On Monday, the home currency closed at 72.63 against the dollar after crude prices increased ahead of impending US sanctions on Iran.
India’s benchmark indices surged on Monday, breaking a five-day losing streak. The BSE Sensex rose 347.04 points, or 0.96%, to close at 36,652.06. The National Stock Exchange Nifty gained 100.05 points, or 0.91%, to finish at 11,067.45. The surge in the markets was the result of gains in pharma and banking stocks, Mint reported.
Axis Bank was the top gainer on the Sensex, followed by HDFC, Kotak Mahindra, Hindustan Unilever and Maruti. The biggest losers were Power Grid Corporation, Yes Bank, Coal India, Adani Ports and Tata Steel.
HDFC, Kotak Mahindra, Axis Bank, Sun Pharmaceuticals and Maruti Suzuki were the stocks which performed the best on the Nifty. The poorest performers were Indiabulls Housing Finance, Bharti Airtel, Yes Bank, GAIL and Power Grid Corporation.
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