While the rupee closed weaker against the dollar on Monday, following a strong demand for dollar and on concerns over rising inflation, the benchmark index (Sensex) of the Bombay Stock Exchange gained 79 points.
The rupee was down by 48 paise to close at 61.55 a dollar compared to its previous close of 61.07 on Friday.
The Sensex was up by 78.95 points or 0.38 per cent to close at 20607.54.
Information technology stocks gained the most with 2.32 per cent followed by technology 1.82 per cent, banks 0.55 per cent, automobile 0.45 per cent, oil & gas 0.35 per cent, PSUs 0.10 per cent and power 0.03 per cent. All other sectoral indices ended in the red.
The BSE’s mid cap index gained 0.62 per cent while the small cap index was up by 0.51 per cent.
Among broader indices, BSE 100 was up by 0.33 per cent, BSE 200 by 0.34 per cent and BSE 500 by 0.35 per cent.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 6112.70 with a gain of 16.50 points or 0.27 per cent.
Capital inflows also boosted the market as overseas investors bought Rs. 1,010.45 crore worth of shares (net) on October 11, according to provisional data from the stock exchanges.
Asian stocks ended lower, weighed down by an unexpected drop in China’s exports and the U.S. impasse on raising the nation’s debt limit and restoring government operations.
Indices in Singapore, South Korea and Taiwan fell, while the Shanghai Composite rose. Markets in Japan and Hong Kong were closed. European markets traded mixed.