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The
benchmark indices ended higher on Friday aided by strong gains in automobiles
and metal stocks after the rupee firmed against US dollar.The S&P BSE
Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled
at 11,589, up 52 points.
Among
the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by
a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and
Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led
by MOIL and Jindal Steel & Power.The rupee was trading higher by 24 paise to 71.75 against the US
currency in late morning deals on Friday due to sustained bouts of dollar
selling from banks and exporters.
