The Indian stock market Thursday closed on northern zone on the forth-consecutive day in the hope of better economic condition.
A benchmark index of Bombay Stock Exchange (BSE), ‘Sensex’ a pack of thirty leading stocks closed on above 19,000 mark while India’s another major National Stock Exchange (NSE) ‘Nifty’, a pack of 50 leading stocks closed 56.35 points above at 5787 mark.
According to market experts, the impact of Asian market and European market fueled Indian market towards north wide.
Sensex that opened at 18909.2 points today zoomed at 19,106 points and settled at 19058.15 points at the time of closing.
Similar Nifty, which was hovering around 5,600 marks since long time in last month, today crossed 5800 marks before settling at 5788.
The realty sector (5.10%) and Consumer Durables (CD) (2.52%) zoom most and pumped the indices.
In the forex market, the Indian currency too, gets stronger by 19 paises in the comparison of US currency dollar and today breached Rs.52 mark and closes at Rs. 51.74 which is the highest in five and half months.
Due to appreciation of Rupee, the gold and silver also become cheaper as its demand reduces.
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