Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
The rupee struggled at a fresh 6- month low of 65.28 — down 18 paise — against the dollar this Tuesday, faced with heavy demand for the American currency from importers and banks, as foreign capital rushed out.
A firm dollar, dealers said, against global currencies overseas and domestic equities hitting a soft patch in early trade weighed.
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On Monday, the rupee had plunged 31 paise to close at a 6-month low of 65.10 after heavy buying of the US currency and concerns on the macro-economic front.
Meanwhile, the benchmark BSE Sensex fell by 59.12 points, or 0.18 per cent, to 31,567.51 in early session.
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