Mumbai : After witnessing a downward trend for three days in a row, BSE Sensex and NSE Nifty recovered on Friday at the close of the Markets.
Sensex gained 496.37 points or 0.70 per cent to 71,683.23, while Nifty advanced 160.15 points or 0.75 per cent to 21,622.40.
All the sectors witnessed gains, with Nifty Financial Services, Nifty Metal, Nifty IT and Nifty Bank showing positive trends.
Meanwhile, the Rupee gained 7 paise to settle at 83.06 (provisional) against the US dollar on Friday following robust buying in domestic equity markets and weak American currency overseas.
However, strengthening crude oil prices and foreign capital outflows capped the sharp gain in domestic currency, forex traders said.
The rupee finally settled at 83.06 (provisional) against the US dollar thereby making a gain of 7 paise against its previous close.
In another development, Gold and Silver traded on the higher side of the Multi Commodity Exchange on Friday after witnessing mixed trends in the Indian Market.
Gold Futures, maturing on February 5, 2024, stood at Rs 61,920 per ten grams on the MCX, recording a marginal hike of Rs 125 or 0.20 per cent. The previous close was at Rs 61,769.
Silver Futures, maturing on March 5, 2024, also registered a hike of Rs 50 or 0.07 per cent to touch Rs 71,698 per kg on the MCX against its previous close at Rs 71,615.
