Sensex kicks off new fiscal with 1.2% rally

Stock markets on Friday kicked off FY23 on a constructive word with key indices gaining round 1.2 per cent on all-round shopping for curiosity. The benchmark Sensex crossed the 59,000 stage and closed with a achieve of 708 factors at 59,276.69 and the NSE Nifty index jumped 206 factors to shut at 17,670.45.

The rupee closed at 75.79 in opposition to the greenback on Friday. The rupee had depreciated by 264 paise, or 3.61 per cent in opposition to the greenback through the fiscal yr 2021-22.

Healthy shopping for in vitality, realty and banking shares helped indices to steadily inch larger because the day progressed. The broader markets too noticed shopping for curiosity because it ended 1.4-1.7 per cent up.