Sensex closed 89 points higher at 58387
In the last trading session of the week, the Indian stock market managed to close sharply. The Sensex closed 89 points higher at 58387 at 3.30 pm on the Bombay Stock Exchange (BSE). On the National Stock Exchange (NSE), Nifty closed 7.80 points higher at 17390.
The Reserve Bank of India (RBI) had already announced a hike in interest rates. Therefore, experts say that it has not seen any negative effect on the market.