BSE Sensex holds up as rupee dives

Mumbai, Aug 28 : The BSE Sensex rose 0.16 percent on Wednesday led by gains in IT stocks and bargain buying in banks despite a historic fall in the rupee. The 30-share benchmark index ended 28.07 points higher at 17,996.15 with 19 of its components closing in the green. The broader 50-share National Stock Exchange (NSE) Nifty index however ended 0.05 percent or 2.45 points lower at 5,285.00 on Wednesday. The rupee slumped to a record low of 68.85 to the dollar on a continuing recession of confidence in the economy, posting its biggest single day fall in 18 years.

Meanwhile in the New Delhi bullion market, gold fell by Rs 200 to Rs 31,500 per ten grams while silver rose by Rs 470 to Rs 54,000 per kg.

--IBNS (Posted on 28-08-2013)

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