Indian stock markets (Sensex and Nifty) ended higher on Friday on the positive macro data, lower crude oil, weakness in US dollar, optimism ahead of PM Modi’s economic review meeting due later today with Sensex rallying 373 points and Nifty closing at 11,515.20. In the intra-day dealings, the benchmark Sensex surged as much as 407.66 points to a day’s high of 38,125.62 and the wider share indicator Nifty 50 moved up 153.35 points to a day’s top of 11,523.25. The Indian rupee rode on the macro booster after CPI and WPI inflation eased to 10-month and 4-month lows, respectively
Indian equities rushed into positive territory on Friday morning following CPI-based inflation eased to 10-month low and positive global cues. The Indian rupee on Friday marked considerable recovery against the US dollar and climbed up as much as 66 paise per unit USD to 71.5250 from the Wednesday’s closing of 72.1850, the Bloomberg data showed. Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite, Reuters reported.