Sensex, Nifty extend winning run; IT and pharma lead October-end rally
Benchmark indices rose for a second straight session on the last trading day of October: the Sensex added 308.49 points (0.42%) to close at 74,459.53, while the Nifty gained 116.35 points (0.51%) to 23,053.10, reclaiming the 23,000 mark.
Nifty IT jumped about 2.3% and Nifty Pharma hit a record high, though midcap (-0.93%) and smallcap (-1.85%) indices fell. The rupee snapped a two-day losing streak to end at 94.95 per US dollar.
The Nifty closed the week up roughly 2%. Separately, RBI data showed its net short dollar forward position hit a record $239.2 billion at end-September.
Originally reported by 5paisa. Article compiled by the Deccan Age desk.
