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The dollar headed for its largest weekly fall in eight months on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early 1980s, selling has forced the greenback through key support against the euro in particular and traders seem content to lighten their bets until a clearer trend emerges.

Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30.

The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said.

IDBI Trusteeship sold 10 crore shares of GTL Infra on BSE and 25 crore shares on NSE at Rs 2.03 and Rs 2.04 apiece, respectively.

The Dow Jones Industrial Average rose 22.17 points, or 0.06 per cent, at the open to 36,312.49.

Friday is likely to see the levels of 18,300 and 18,375 as immediate resistance points. The supports come in at 18,160 and 18,050 levels

The public issue is purely an offer of sale (OFS) of equity shares by promoter and other selling shareholders

India’s largest bank reportedly obtained bids worth about $1 billion of which it retained $300 million worth of subscriptions

“Technology as a sector should be underweight for this year. I believe that at valuations which are 60-70 per cent higher than average last 10 year valuations combined.”

The partially convertible rupee settled at 73.92/$1 as against 73.91/$1 at the previous close. The Indian currency, which opened at 73.7560/$1, moved in a band of 73.76-74.06/$1 in during the day.