Sensex gains for 4th day, Rupee rises against dollar

MUMBAI: The sensex and Nifty sustained their positive momentum for the fourth consecutive day and settled with modest gains on Friday, aided by a buying rush in FMCG, banking and telecom sector shares. The sensex ended 84 points higher at 84,563, while Nifty went up 31 points to settle at 25,910.

Both indices were off to weak starts when trading began. Meanwhile, the rupee rose 4 paise to close at 88.66 against the dollar. However, strength of the American currency and rising crude oil prices prevented sharper gains in the local unit, forex traders said. Brent crude was trading 1.6% higher at $64 per barrel in futures trade. agencies