Equity benchmark Sensex Friday shot up over 623 points to close at a record high of 39,434.72 as investors felt assured of policy stability after a decisive mandate for the Narendra Modi-led BJP in the general elections.
The rupee appreciated by 21 paise to 69.81 against the US dollar in opening trade Friday following the BJP's thumping victory in the Lok Sabha polls.
Country's largest lender SBI Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down.
Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow.
Equity benchmark indices extended their fall for a fourth consecutive trading session this week and traded lower in the early hours on Thursday.
The rupee opened on a weak note and declined by 21 paise to 69.64 against the US dollar Wednesday, as the US-China trade related concerns weighed on investor community.
BSE Sensex Monday cracked over 362.92 points in line with global sell-offs amid renewed fears that trade negotiations between the US and China are on the verge of collapse.
Equity benchmark indices opened lower on Monday tracking a selloff in global markets after US President Donald Trump vowed to hike tariffs on China.
The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.
Equity benchmarks Sensex and Nifty ended on a negative note after a volatile session Thursday as weakness in banking and auto stocks weighed on investor sentiment amid mixed global cues.
The benchmark BSE Sensex started on a weak note Thursday tracking negative cues from global equities after the US Federal Reserve kept its benchmark interest rate unchanged.
The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday driven by weakening of the greenback in overseas markets and sustained foreign fund inflows.