The stock indices gained on Tuesday despite a partial close down announced by the US. Thee rupee, too, gained against the U.S. dollar in wake of better-than-expected current account deficit (CAD) number.
Economic Affairs Secretary Arvind Mayaram had indicated that the Government would be able to finance CAD fully in the financial year without drawing down on reserves. He also reiterated the Govern- ment resolve to contain its fiscal deficit at 4.8 per cent of the GDP. These sentiment-boosting statements helped the rupee gain against the dollar. Rupee closed at 62.46 a dollar compared to its previous close of 62.60 on Monday.
The BSE 30-share Sensitive Index (Sensex) closed at 19,517.15 with a gain of 137.38 points or 0.71 per cent. The 50-share Nifty of NSE closed at 5780.05 with a gain of 44.75 points.
