Stock market rises for 2nd consecutive session
Sensex opened higher at 73,711.31, and closed 253.31 points, or 0.34%, at 73,917.03. Nifty 50 opened higher at 22,415.25, and closed up 62.25 points, or 0.28%, at 22,466.10.
The Rupee strengthened 11 paise to trade at 64.34 against the US Dollar in the morning session on Monday riding on higher foreign funds inflows.
The domestic currency received a boost from fresh selling of the American unit by exporters and banks amid a better opening in domestic equities.
However, a strong Dollar overseas squeezed the rupee's gains, traders added.
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On Friday, the Rupee had ended flat at 64.45 against the US currency in an otherwise quiet and range-bound trade amid weaker Dollar sentiment overseas.
The benchmark Sensex rose 73.69 points, or 0.23 per cent, to 32,094.44 points in early trade on Monday.
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