Benchmark indices rose for the second straight day , on Friday with the Sensex ending 196.62 points up at 35,457.16 while the broader Nifty 50 closed at 10,682.20 on the back of a strong rally in IT and financial stocks.
The rupee traded higher by 25 paise at 71.72 (intra-day)against the dollar. Shares of Jet Airways surged for a second straight day following media reports that the debt-laden airline was nearing a rescue deal with conglomerate Tata Sons Ltd.
Yes Bank’s shares extended its slide, closing 7.14 per cent lower on BSE, after OP Bhatt, an external expert of the ‘Search & Selection Committee’ set up to find a new CEO to replace Rana Kapoor, who resigned on Thursday.
Meanwhile, trade deficit in October widened to $17.13 billion due to a higher oil import bill, the country’s trade ministry said in a statement on Thursday.