According to the exit poll findings
released yesterday, the BJP is set to keep up Gujarat and Himachal Pradesh from
the Congress. This led to zoom the stock market to a great extent, impacting in
turn the rupee sentiment.
The dollar lost some influence against
the euro after the ECB left its policy rates and stimulus measures unharmed.
The Bank of England also retained key interest rates unchanged.
The Indian currency jumped by 23
paise to 64.11, whereas bond yields edged lower in the morning after the exit
polls indicated the country's ruling alliance would triumph elections in Modi’s
home state but caution remained ahead of the actual results.
The benchmark Ten-year bond yield was
down 1 bps at 7.12%, while the partially convertible rupee was at 64.15/dollar,
with reference to its previous close of 64.34.
Meantime, in the opening stock trade
Friday, the BSE Sensex barometer shot up 358.11 points to 33,605.11 while the
NSE Nifty soared 110.20 points to 10,362.30.
