On the last day of the trading week, the stock market is witnessing a rally. As soon as the market opened, the BSE Sensex crossed 55,000. The BSE index reached 55,077.59 points at 9.28 am.
The Nifty on the National Stock Exchange is also up. The Nifty was trading at 16,439.10 points, up 72.30 points at 9.35 am. Yesterday it was 82.15 points or 0.26 percent Firmly recorded It closed at 16,325.15.
Amid mixed trends globally, investor buying in power, IT and banking stocks boosted the market. According to traders, a 19 per cent rise in the rupee’s exchange rate against the US dollar has also strengthened market sentiment. Banking, finance, auto and IT sectors are seeing gains. Earlier on Thursday, both the BSE Sensex and the NSE Nifty closed at new record highs. The 30-share Sensex closed 318.05 points, or 0.58 per cent, higher at 54,843.98 points. During trading, it touched a high of 54,874.