The Indian stock market zooms on Thursday in the fourth consecutive day amid the strong global market surge as US indices NASDAQ 100 closes on 13.50 points positive and Dow Zones jumps 51 points Wednesday morning, which boosts the Indian indices too.
Since the opening two major stock market indices Bombey Stock Exchange (BSE) and National Stock Exchange (NSE) Thursday reached to their fifth months high and was continuously trading on positive zone since morning till 12 O'clock in the noon.
The index of 30 major share pack in BSE 'Sensex' crossed to 19,000 marks Thursday morning gaining over 1000 intraday points while the index of 50 major share pack in NSE 'Nifty' gained 97 points of its intraday high to just reached to below 5800 marks.
In forex market, the Indian currency Rupee gained 19 paises today that breeched the 52 mark to the dollar for the first time since April 20, 2012.
This was the fifth consecutive session when Rupee continued to gained against US currency Dollar.
Earlier in July, Rupee had reached to its lowest level to beyond 56 rupees against dollar.
But, since after Prime Minister's announcement regarding some economic reforms including foreign direct investment in retail, the condition of Rupee has become stronger and since then it is going upwards with some little jerks, which is a natural process.
On Thursday Rupee rose to an intraday high of 51.87 in opening trades, having closed at 52.1550/1650 on Wednesday. At 11.08 a.m., the rupee traded off the day's high, above the 52 mark to the greenback.
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