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The dollar index, which measures the currency against six top counterparts, edged 0.03% higher to 106.25, after dipping to a more than three-week low of 106.05 on Thursday, when it notched a 0.28% decline.

Gold is on track for its best week since mid-May, with prices up 1.6% so far. However, bullion is unlikely to stave off a fourth straight monthly decline, its worst run of losses since November 2020.

Nifty50 on Thursday made an upside breakout, as the index closed above 16,900, breaching a slew of strong resistance hurdles. The index made a gap-up start and still ended up forming a strong bullish candle on the daily scale. Analysts said the support has shifted higher and that the index may now set eye on the 200-day simple moving average, whose value is placed just above the 17,000 level.

FANGMAN includes seven of the biggest tech companies or tech mega-caps of the world -- Meta (Facebook), Amazon, Netflix, Alphabet (Google), Microsoft, Apple and Nvidia.

The rate for this was close to the repo rate against lower levels of reverse repo rate - where the bulk of parking was done. The interest burden was borne by the RBI, and the use of the instrument by banks was discretionary. Impact on the yield curve was more measured as the VRRR increased the overall cost of liquidity gradually.

The bank had posted a net profit of Rs 1,023.46 crore in the year-ago period. In the March quarter, the same stood at Rs 201.57 crore.Total income in the first quarter of the current fiscal fell to Rs 21,294 crore. In the year-ago period, it was at Rs 22,515 crore, according to a regulatory filing.

"Nifty50 witnessed an upside breakout of the crucial overhead resistance of 16,800 level, which was resistance as per the concept of change in polarity. Previously, the area of 16,800 saw a strong reversal on either side. Unfilled opening gaps and the positive chart formation like higher top-bottom are all indicating more upside," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

The Dow Jones Industrial Average added 83 points, or 0.3%. The S&P 500 climbed 0.3% and the Nasdaq Composite rose 0.2%. All of the major averages are on pace for a winning week and their best month of 2022.

The stock of Vedanta Ltd closed 0.8% higher on the BSE on Thursday at Rs 245.5. Benchmark Sensex ended the day higher by 1.87%.“It was a good quarter for us. We did well despite the headwinds from various reasons globally,” Sunil Duggal, the chief executive of Vedanta, told ET. “The volumes in most of our operations went up.”

The company reported a consolidated top line of Rs 4,415 crore, up 22% year-on-year. However, consolidated profit declined by 56% to Rs 280 crore.Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 22% to Rs 801 crore. EBITDA margin narrowed by 10 percentage points to 18.1%.