Sensex and Nifty peak fresh record high, Idea Cellular gains:
Share markets opened marginally higher on Friday on positive economic cues. The BSE Sensex was up 170.16 points or 0.50% at 34,139.80. The NSE Nifty-50 index was up 46.25 points or 0.44% at 10,551.05 in the later morning hours.
Shares Idea Cellular limited rose on the back of fundraising plans that involves raising Rs 3250 crore by selling shares on a preferential basis. The Nifty Metal Index rose higher, led by gains in shares of Hindalco Industries and Vedanta, over 1 percent, tracking the overnight rise in global metal prices.
The Indian rupee gained more strength, ending at a fresh 2½ year high against the US dollar on Thursday. The rupee opened down by 5 paise at 63.58, but very swiftly pared the morning losses and added 16 paise to hit a day’s high of 63.37 vs the US dollar.
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