Sensex soars 301 points, reclaims 33000-mark

Ivan Schwartz
December 9, 2017

The benchmark Sensex on Friday pierced through the 33,000-mark amid heavy buying by cash-rich domestic institutions and strong overseas cues.

The broader Nifty too was trading above the key 10,200- level, up by 81.65 points or 0.80 per cent at 10,248.35.

The 30-share index was trading higher by 246.04 points or 0.75 per cent at 33,195.25 at 1100 hrs.

BSE Sensex closed higher by 301.09 points to 33,250.30, while the Nifty 50 rose 98.95 points to close at 10,265.65.

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Overseas, the Asian markets saw the shares of most of the companies decline, since investors across the globe have an eye on the final tax legislation in the USA, where policy uncertainty kept sentiment in check. DIIs had bought shares worth Rs 995.11 crore, while foreign funds sold shares to the tune of Rs 1,217.92 crore yesterday, the provisional exchange data showed.

ITC emerged as the leader of the Sensex pack, with a 3.44% rise, followed by Tata Motors at 2.21%. The top losers included Asian Paints and Reliance Industries. The BSE FMCG index topped with a robust 2.23 percent rise, followed by metal 1.36 percent, healthcare 1.35 percent, consumer durables 1.15 percent, oil & gas 1.02 percent, auto 0.97 percent, bankex 0.92 percent and realty 0.72 percent. In keeping with the overall trend, the small-cap and mid indices rose 1% and 0.89%. Hong Kong's Hang Seng was up 0.10 per cent while Japan's Nikkei gained 1.27 per cent in early trade today. London's FTSE was up 0.27 percent.

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