Sensex ends 236 points higher; Nifty settles at 10283

Market Live: Sensex jumps 300 points, Nifty extends gains, IT stocks rise

Sensex ends 236 points higher; Nifty settles at 10283

Mumbai: Key Indian equity indices on Thursday broke their three-day losing streak and provisionally closed in the positive territory, with the BSE Sensex surging over 300 points during the mid-afternoon session.

At 10.15 AM: Sensex jumped 341 points or 1.03% at 33,448.72 while the wider Nifty was up by over 108 points or 1.06% at 10,323.10. Moody's has revised the sovereign rating of India a notch above investment grade after a long gap of 14 years.

The 30-share Sensex soared to the day's high of 33,520.82, but profit-taking activity towards the end in heavyweights made the index settle at 33,342.80, up 235.98 points, or 0.71 per cent. Private Banks like ICICI Bank, Yes Bank, and Axis Bank gained more than 2% accelerating Nifty Bank to new 52 week high.

Chris Coleman to step down as Wales boss and join struggling Sunderland
Coleman is set to be officially unveiled as Sunderland manager at some point over the course of the weekend. Coleman's future was uncertain after failing to reach next summer's World Cup in Russian Federation .

The 50-share Nifty leaped 124.40 points, or 1.21 per cent, to 10,339.15.

The benchmark index of Bombay Stock Exchange (BSE) gained further on Friday by 235.98 points to 33,342.80 as global rating agency Moody's has upgraded India's sovereign bond rating to Baa2 from Baa3 with a stable outlook.

Moody's lifted the country's rating to "Baa2" from "Baa3", while also changing its rating outlook to "stable" from "positive". PSU Banking stocks like Punjab National Bank, Bank of Baroda and Canara Bank gained more than 3% in the initial hours of the market session.

Grigor Dimitrov dismantles David Goffin
Goffin also played down talk that he might have half an eye on the Davis Cup final against France, which follows this tournament. Goffin said he may have come out a little flat after the exhaustive opening match in which great blows were traded.

On the other hand, Infosys (1.79%), TCS (1.33%), ONGC (1.03%), Wipro (0.97%) and Asian Paints (0.76%) were the major losers in the Sensex.

China's Shanghai Composite shed 0.10 per cent in their early deals.

Abercrombie & Fitch | $ANF Stock | Shares Explode On Strong Q3 Earnings
Rowland & Company Investment Counsel decreased Abercrombie & Fitch Class A ( ANF ) stake by 2.03% reported in 2017Q2 SEC filing. The stock has actually grown in the past week, as the company has gathered a 3.04% return in the past 5 trading days.

Latest News