Nifty hits life-time high of 9,153; Rupee at 65.22 vs dollar

Mumbai: The Sensex rebounded by over 206 points and the NSE Nifty scaled a life-time high of 9,153 in opening trade on Thursday amid a firming trend in global markets after the US Fed hiked the key lending rate while the rupee rose by another 47 paise to hit a new 16-month high at 65.22 against the dollar.

The 30-share index surged 206.40 points, or 0.70 percent, to 29,604.51. The gauge had shed 44.52 points in the previous session.

All the indices, led by metal, infrastructure and capital goods, advanced with gains up to 1.24 percent.

The NSE index Nifty rallied by 68.10 points, or 0.74 per cent, to trade at an all-time intra-day high of 9,152.90, breaching its previous record of 9,122.75 (intra-day) touched on Tuesday.

Forex dealers said that besides a higher opening in domestic equity market, the dollar’s weakness against other currencies overseas after the Federal Reserve raised interest rates supported the rupee.

Yesterday, the rupee had continued its stellar run against the dollar to finish at a fresh 16-month high of 65.69 as exporters aggressively offloaded the US currency ahead of the Fed meet outcome.

With Agency Inputs

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Source:Zee news

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