The BSE Sensex closed 95.12 points lower at 35,227.26 on Friday while the Nifty 50 ended 39.95 points down at 10,696.20, losing Thursday’s momentum following losses in financial stocks offsetting gains in auto stocks.
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The rupee gained for the third straight session and reached a one-month high against the US dollar on higher demand for the currency from foreign investors. Shares opened positive after government data showed on Thursday that India’s economy accelerated to 7.7% in the three months ended 31 March, the fastest pace in seven quarters.