Nifty gains for third day; cash-rich exporters surge

Nifty provisionally gained 0.08 per cent and Sensex closed at 0.08 percent lower

Mumbai: The Nifty rose for a third consecutive session on Friday, hitting its highest in about 1-1/2 weeks, as cash-rich exporters such as Tata Consultancy Services surged on hopes of being better placed to weather any Fed-related volatility.

The 50-share index tentatively rose by 0.2 per cent for the week, its sixth consecutive weekly gain. That was its longest winning run since a more powerful seven-week run between January and end-February 2012.

Tata Consultancy Services provisionally rose 2.2 per cent while Lupin ended higher 1.8 per cent.

The Nifty provisionally gained 0.08 per cent while the benchmark BSE Sensex closed 0.08 percent lower, after both earlier marked their highest intraday levels since September 9.

( Source : reuters )
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