Sensex surges by 600 points as rupee rises

Buoyed by the upward trend seen in the Indian rupee, the BSE sensitive index moved up by more than 600 points in early trade on Friday. Most sectoral indices were trading in the green territory with handsome gains.

At 10:45 hours, the BSE SENSEX was at 34,643.65, up by 642.50 points or 1.89 per cent, while Nifty50 was quoting 10,427.65, up by 193.00 points or 1.89 per cent, while Nifty Bank was at 25,392.05, up by 608.10 points or 2.45 per cent.

Among sectorial indices, Auto, Metals and Realty were leading the pack up by 3 per cent, while FMCG, Media were each up by more than 2 per cent. IT sector was the only sector which was trading in the red, down by 1.46 per cent.

In the forex market, Indian rupee gained 38 paise to trade for Rs. 73.74 per US dollar in early trade on Friday. The strength was mainly due to the fall in crude oil prices. Brent crude was at US$80.37 a barrel in the global market. The rupee had dipped to a record low of Rs. 74.50 per dollar on Thursday.