Rupee rises 8 paise to 84.80 against dollar

On the weekly front, the BSE benchmark jumped 623.07 points or 0.76 per cent, and the Nifty climbed 90.5 points or 0.36 per cent

MUMBAI: Benchmark stock indices Sensex and Nifty rebounded sharply by about 1 per cent on Friday, propelled by bargain hunting in telecommunication, tech and consumer durable stocks amid encouraging domestic inflation data.

After falling 1,207.14 points in morning trade, the 30-share BSE benchmark Sensex recovered all the lost ground later and jumped 843.16 points or 1.04 per cent to settle at 82,133.12. During the day, it surged 923.96 points or 1.13 per cent to 82,213.92.

The NSE Nifty climbed 219.60 points or 0.89 per cent to settle at 24,768.30 after falling 367.9 points in intra-day trade.

On the weekly front, the BSE benchmark jumped 623.07 points or 0.76 per cent, and the Nifty climbed 90.5 points or 0.36 per cent.