Monday, 11 December, 2017

Nifty up 41 points; ends below 10400

Liquidity Drives Sensex, Nifty Up; Reliance, Bajaj Auto, Infosys, Cipla, Top Gainers Market advances for sixth day, IT the bright spot
Juana Turner | 25 November, 2017, 01:12

There was a lot of buzz all through Friday that global rating agency S&P will revise India's sovereign rating on Friday.

At 9:51 PM, Sensex was 88.54 points up to trade at 33,675.57 while Nifty was trading at 28.70 pois to reach upwards at 10,377.30.

Mumbai: Benchmark Nifty continued its rally for the 7th consecutive session to close at 10,389.70 on Friday, driven largely by buying support from FMCG, pharma, IT, media and energy sectors.

The BSE mid-cap closed higher by 0.58 per cent while the small-cap index was up 0.45 per cent. On NSE, 1,034 shares advanced and 731 declined, while 65 remained unchanged.

On the currency front, the rupee weakened by 20-12 paise to 64.70 against the United States dollar from its previous close at 64.58-59.

Ongoing reforms and likely slower than expected Fed rate hike also caused positive momentum in the market. The 30-share BSE Sensex finished at 33,679 - a three-week high - and the Nifty closed a little short of 10,400.

However, some gains were capped as investors booked profits in metals stocks and foreign investors pulled out money from stocks.

For the week, Sensex and Nifty rose 1% each.

Among sectoral indices, BSE auto index, BSE IT index and BSE industrials index are among the top gainers.

The key Indian equity indices rose for seventh day in a row led by gains in Infosys, HDFC Bank, ITC and Reliance Industries.

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