Mumbai: The 50-share NSE Nifty started off September series on a positive note, holding the 8600 level on support from banks and Tata Group stocks. The index was up 22.15 points at 8614.35 and the 30-share BSE Sensex gained 65.57 points at 27901.48.
Tata Motors was the biggest gainer, up 1.5 percent ahead of quarterly earnings later today.
The Indian rupee opened marginally higher at 67.02 per dollar on Friday versus previous close of 67.05. Ashutosh Khajuria of Federal Bank, "We see no major trigger for the currency movement.
The Fed has maintained the status quo in Thursday's speech. We expect the rupee to remain rangebound."
Dollar slipped marginally as some investors squared positions before the annual global central bankers' gathering in Jackson Hole, wyoming, where Federal Reserve Chair Janet Yellen may offer new guidance on US monetary policy.
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