Business

The manufacturing sector in terms of net cross border mergers and acquisitions (M&A) sales recorded a decrease for India from $4,604 million to $4,172 million, the report said.

HDFC, Wipro and Reliance were up 2 per cent followed by ONGC and Maruti.

The rupee in early trade at the Interbank Foreign Exchange (Forex) Market firmed up to 61.49 on initial selling of dollars by exporters in view of strong equity markets.

A litre of petrol in Delhi costs Rs 58.91 per litre.

At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced slightly lower at 62.08 a dollar from previous close of 62.06.

The rupee hovered in a range of 62.07 per dollar and 62.23 per dollar during the day.

The rupee had gained 50 paise to close at 63.11 against the dollar on Thursday, in line with strong recovery in stocks.

The wide-based National Stock Exchange Nifty declined by 64 points, or 0.78 per cent, to 8,155.60.

Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds also kept pressure on the rupee.

It was later trapped in a narrow range of 61.91 and 62.0475 before settling at 62.02, a net fall of 14 paise or 0.23 per cent.

The rupee had fell from its two-week high and ended 6 paise down at 61.83 against the greenback in Monday's trade on fresh dollar demand from importers.

The SAIL offering would be the first PSU share sale under the new government.

Rate cut hopes and short-covering ahead of Thursday's monthly expiry of derivative contracts boosted buying.

The Sensex ended up 164.91 points or 0.6 per cent at 28499.54 after hitting intra-day record high of 28542.

The order in favour of Shell India was passed by a bench of justices M S Sanklecha and S C Gupte on a petition filed by Shell India Markets.

Stocks of the telecom major fell by 2.70 per cent to settle at Rs 385.30 on the BSE.