Oct 21, 2022, 04:43:47 PM | ANI
  • Share

Indian stocks extend gains to sixth straight day; Rupee retreats from record low

Indian stock indices extended their gains for the sixth straight session on Friday, led by strength in banking and financial stocks coupled with good second-quarter corporate earnings. At 9.45 am, Sensex traded at 59,475.40 points, up 272.50 points or 0.46 per cent, whereas Nifty traded at 17,635.75 points, up 71.80 points or 0.41 per cent. Among the Nifty 50 stocks, 32 advanced and the rest 18 slipped this morning, National Stock Exchange data showed. "IT and banks account for the major chunk of India Inc's profits. After good Q2 results from IT, leading banks are posting very good Q2 numbers indicating that corporate earnings are in line with optimistic expectations. Q2 results of Axis Bank and ITC have beaten expectations. The PSU bank index has the potential to sustain its outperformance," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services in a note. Meanwhile, the rupee has retreated from its all-time low of over 83 against the US dollar. For the record, the Indian rupee had been weakening over the past few weeks to hit fresh new all-time lows as the US dollar strengthened against major global currencies.

Top Viral Videos

Short Videos

Explore Every Corner
Across The Globe
Services
Latest News
The fight that saved the UFC: Forrest Griffin remembers iconic battle with Stephan Bonnar‘Duchess of Difficult’: New book reveals Meghan Markle’s rocky royal startOne in 3 merchant payments involves credit: Fintech report“IM MAD I HAVENT F***ED TAYLOR SWIFT": Kanye West’s explicit posts about Taylor Swift spark speculations over “obsession” and his mental healthCurrent NBA Standings before Playoff season beginsAmid US tariff thaw, Sensex rises 1.3k pointsPhillies could trade for Lars Nootbaar to fix center field issues: ReportRBI to infuse Rs 40k crore into banking systemJa Morant defies criticism from Charles Barkley and Kenny Smith and says he will keep using grenade celebrationDenver Nuggets vs Memphis Grizzlies final injury report (April 11, 2025): Will Nikola Jokic and Jamal Murray play tonight?Why doesn't Indian-origin Usha Vance want her kids to go to YaleAt 2.9% in February, IIP growth slowest in 6 monthsJudge rules Columbia University activist Mahmoud Khalil can be deportedTeenager diagnosed with irreversible Popcorn Lungs: What is it? Symptoms, causes, and how to stay safe‘Not asking for state secrets’: Judge orders daily updates as Trump administration struggles to locate wrongfully deported manNo delay expected: Take-Two’s 2025 schedule aligns with GTA 6 release windowPreserve emails in Byju's insolvency case: Karnataka HC“Josh never had a chance”: Hailee Steinfeld’s relationship with Josh Allen questioned after viral moment with Michael B. Jordan
Copyright © 2025 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service