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Infosys was the top gainer in the Sensex pack, rising around 2 per cent, followed by Tech Mahindra, HCL Tech, HDFC Bank, TCS and Reliance Industries.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 90.38.
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Bharti Airtel, Reliance Industries, Bajaj Finserv, Bajaj Finance and SBI were among the top gainers in the Sensex pack, rising up to 2 per cent.
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After swinging 666.64 points, the 30-share BSE Sensex settled 19.69 points or 0.04 per cent lower at 51,309.39.
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UltraTech Cement, Bajaj Finserv, Bajaj Auto, Bajaj Finance, HCL Tech and Reliance Industries were among the gainers in the Sensex pack, rising up to 2 per cent.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.
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Hosts succumb to a comprehensive 227-run loss as England taste first blood
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In the previous session, the rupee had slipped 4 paise to settle at 72.97 against the US dollar.
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HCL Tech was the top gainer in the Sensex pack, surging around 2 per cent, followed by Infosys, Titan, Asian Paints, ONGC, Reliance Industries and Tech Mahindra.
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After touching a lifetime high of 51,523.38 during the day, the 30-share BSE index ended 617.14 points or 1.22 per cent higher at its record closing peak of 51,348.77.
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Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI and Bajaj Finance.
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The Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance
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SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.
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After touching an all-time high of 50,687.51 during the day, the 30-share BSE index ended 358.54 points or 0.71 per cent at its new closing record of 50,614.29.
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After touching a record intra-day high of 50,526.39, the 30-share BSE benchmark ended at 50,255.75, up 458.03 points or 0.92 per cent.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 91.05.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 4.50 per cent, followed by Dr Reddy's, PowerGrid, Tech Mahindra, M&M, Sun Pharma and Axis Bank.
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Analysts said that traders remained cautious ahead of Reserve Bank of India (RBI) monetary policy outcome to be announced on Friday.
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The 30-share BSE Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61.
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At the interbank forex market, the domestic unit opened at 72.89 against the US dollar, then inched higher to 72.88, registering a rise of 8 paise over its previous close.