AMN
At the forex market, the rupee, appreciated strongly, after Moody’s upgrading of India’s credit rating, strengthening a good 38 paise, to 64.94 against the dollar in afternoon deals.
The stock markets too have rallied smartly on Friday. After a very strong opening, the Sensex at the Bombay Stock Exchange eased slightly, but had still surged 328 points, or 1 per cent, to 33,435 a short while ago.
The Nifty at the National Stock Exchange had spurted 97 points, to 10,311. All but one of the sectoral indices, led by metal and banking stocks, gained.