Sensex and Nifty Rallied; Rupee Gains, Dollar Index Up

31 Jan 2024 , 04:00 PM

Sensex and Nifty recover from a weak start, driven by HDFC Bank and Reliance ahead of the Federal Reserve monetary policy decision.

Sensex closes 612 points higher, Nifty above 21,700; Sun Pharma and Tata Motors gain 3% each. At closing, Sensex trades at ₹71,752.11, up 0.86%, and Nifty at ₹21,725, up 0.95% from the previous close.

Nifty gainers: Dr. Reddy’s Laboratories, Eicher Motors, Sun Pharma, Divis Labs, Tata Motors; losers: L&T, Titan Company, Tata Consumer, BPCL.

All sectoral indices, except capital goods, end in the green. Auto, bank, healthcare, power, metal, and realty up 1-2% each.

BSE midcap index adds 1.5%, and smallcap index rises nearly 2%.

Indian rupee ends higher at 83.04 per dollar. The dollar index is up 0.1% to 103.51. The dollar index has gained 2.1% this month against a basket of major currencies, with markets adjusting rate cut expectations amid strong economic data.

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