Sensex edges higher; technology stocks gain
Mumbai: The BSE Sensex and Nifty closed higher on Friday, snapping a two-day losing streak, led by technology stocks such as Infosys on a weaker rupee while broader sentiment was tepid as investors kept away from risky bets ahead of the year-end holidays. The rupee stayed down against the dollar on month-end dollar demand and profit booking by foreign investors. The partially convertible rupee was at 63.65 versus its previous close of 63.5150/5250.
Volumes remained low as investor interest was subdued despite Friday being the first trading day for the new monthly derivatives contract, traders said. The benchmark BSE Sensex closed 0.12 per cent higher at 27,241.78. The index fell 0.48 percent this week.
The broader NSE Nifty .NSEI ended 0.33 per cent higher at 8,200.70. The index ended down 0.3 per cent this week.
Technology shares gained. Infosys closed up 1.1 per cent while Tata Consultancy Services ended 1 per cent higher.