Mumbai: The Indian stock market started strongly on the last trading day of the week. In early trade, the Sensex was over 200 points strong at the level of 34,500 points. On the other hand, if you talk about the Nifty, it was at a level of 10,150 points with a strength of about 50 points. In early trade, in addition to banking, the strength of oil stocks was recorded.
However, according to experts, the market can be seen to decline in the coming days. Indeed, due to rising cases of coronavirus, tensions at the border with China and foreign capital withdrawal, domestic investors can book profits. Meanwhile, a slight increase has been recorded in the rupee on Friday. Please tell that on Thursday, the rupee closed at 76.14 with a slight strength of 2 paise against the US dollar. The rupee closed marginally higher against the dollar as compared to other major currencies in the world and a rapid rise in the domestic stock market.
The trading started on Thursday in the domestic stock market with a downward trend, but due to the strong buying in the stocks of banks and finance and metals sectors, the market got jogged. The Sensex closed at 34208.05, a rise of 700.13 points or 2.09 percent from the previous session. The Nifty also closed at 10,091.65 with a strength of 210.50 points i.e. 2.13 percent.
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