With 2,152 shares declining on the BSE and 1,488 shares rising, the advance-decline ratio strongly remained in favour of declines.

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NSE Nifty 50 index hit a fresh 52-week high level of 18,360 level while closing nearly at day’s high. The benchmark index jumped 1.78 per cent while BSE Sensex rose 1200 points.

Broader Indices closed on a higher note as financials, FMCG, media, and auto led a fantastic short-covering rally. Nifty bounced off nearly 200 points from its day’s low to close above the 17,600 level.

Currencies have garnered investors’ attention lately, as the dollar continues to appreciate against the weakening rupee and euro.

Yesterday, the Indian Rupee began near the March 22, 2022 close of 76.43 and is expected to stay under pressure due to increasing commodity prices. Continue reading to learn more.