Liquidity Drives Sensex, Nifty Up; Reliance, Bajaj Auto, Infosys, Cipla, Top Gainers

Ivan Schwartz
November 25, 2017

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

During the day, the 50-share pack reclaimed the 10,400 level for the first time since November 7.

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.

Market breadth was positive with 1,055 advances against 564 declines.

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

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Hong Kong's Hang Seng was up 0.41 per cent while Japan's Nikkei came down 0.34 per cent in early session. The NSE Nifty trades at 10,383 points, 34 points, 0.33% higher than Thursday's closing. Asian stocks gained after volatile trade.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 416.28 crore, while domestic institutional investors purchased stocks worth Rs 427.63 crore. Sectoral indices such as technology, IT and realty stocks climbed by up to 0.48 per cent.

The big movers that supported the key indices include Bajaj Auto, Infosys, Kotak Bank and Reliance Industries, rising by up to 1.64 per cent.

Sector-wise, IT rose by 1.02 per cent, energy 0.83 per cent, media 0.26 per cent and pharma 0.16 per cent.

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