Domestic equity benchmark BSE Sensex rebounded over 100 points in early session on Friday, driven by by gains banking, auto and IT stocks amid positive domestic and global cues.
The rupee appreciated by 27 paise to 71.07 against the US dollar in early trade on Friday as gains in domestic equity market enthused investors.
Equity benchmark gauges ruled firm during early hours on Thursday after ending higher for five consecutive sessions, largely due to upbeat sentiment supported by positive global developments.
Gold prices fell by Rs 372 to Rs 39,278 per 10 gram in the national capital on Friday due to weak demand and strong rupee, according to HDFC Securities.
The Indian rupee appreciated by 17 paise to 71.67 against the US dollar in early trade on Friday as gains in domestic equity market and resumption of US-China trade talks in October strengthened investor sentiments.
Domestic equity benchmark BSE Sensex advanced over 200 points in early session on Friday, led by gains in index heavyweights Infosys and RIL, amid positive cues from global markets.
"PNB, Oriental Bank of Commerce and United Bank will be brought together and they shall form the second largest public sector bank with business of Rs 17.95 Lakh Crore." said Union Finance Minister Nirmala Sitharaman.
The rupee appreciated by 12 paise to 71.67 against the US dollar in early trade on Friday following positive developments in the US-China trade talks.
The rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows.
Domestic equity benchmark BSE Sensex started on a choppy note on Wednesday tracking weakness in metal and banking stocks amid tepid cues from global markets.