HDFC Bank lifts Sensex 400 pts, Nifty
near 8900 in opening
The Indian rupee slipped in the early trade on
Friday. It has opened lower by 5 paise at 67.12 per dollar versus previous
close 67.07.
Equity benchmarks started off last day
of the week on a spectacular note, with the Senses rising more than 400 points
supported by HDFC Bank.
The 30-share BSE Sensex was up 400.89
points or 1.42 percent at 28702.16 and the 50-share NSE Nifty rose 95.60 points
or 1.09 percent to 8873.60. HDFC Bank surged 8.41 percent as RBI says
restrictions placed on purchase of bank shares by foreign portfolio investors
withdrawn immediately.
The rally also spilled over to HDFC that
gained 2.63 percent. Axis Bank, Kotak Mahindra Bank and ICICI Bank surged 1-2
percent. GAIL and Lupin were other gainers.
Cadila Healthcare gained further, up 2.8
percent hitting a 52-week high. BHEL, Bharti Airtel, Wipro, Infosys, ITC and
Reliance were losers.
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