Bank stocks power Sensex, Nifty higher

Mae Love
Декабря 8, 2017

At about 9.30 am, the Sensex was up 156.25 points or 0.47 per cent at 33,105.46 while the NSE Nifty rose 0.48 per cent or 48.95 points to 10,215.65.

At 10.30 AM: Markets continued to trade in green during early morning trade on Friday.

Out of 1,980 stocks traded on the NSE, 1,199 advanced, 355 declined and 426 remained unchanged today.

The 30-share sensitive index had lost 205 points on Wednesday following the Reserve Bank's decision to hold interest rates.

However, value-buying in several heavyweights towards the fag-end trimmed the losses, with the index finishing at 32,802.44, down 67.28 points or 0.20%. SBI, ICICI Bank, Axis Bank, HDFC Bank, Bank of Baroda, Punjab National Bank and Yes Bank fell by up to 2.27 percent.

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The top losers were Bharti Infratel which feel over 2 percent followed by Coal India, Bajaj Finance, UPL and Yes Bank.

On Friday, the benchmark indices were dragged lower by growing concerns over the country's widening fiscal deficit, coupled with negative global cues and profit booking in auto, metal and oil and gas stocks.

The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41 per cent, while small-cap index finished 0.03 per cent down.

Meanwhile, foreign portfolio investors offloaded shares worth net Rs 333.59 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 776.18 crore on Tuesday, as per provisional data.

Other Asian markets closed lower. Japan's Nikkei led the way again with an early gain of 0.9 percent, adding to Thursday's 1.45 percent bounce. Shanghai Composite Index, however, shed 0.52 per cent. London's Financial Times Stock Exchange too was up 0.24%.

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