Market gains for 7th session, Sensex up 91 pts

Posted November 25, 2017

Indian shares ended higher for a seventh straight session on Friday as IT firms gained, while bonds slid on market talk of a potential sovereign ratings upgrade by Standard & Poor's.

There was a lot of buzz all through Friday that global rating agency S&P will revise India's sovereign rating on Friday. While the Sensex was trading 31 points higher at 33,593 level, the Nifty was trading at 10,356, up 13 points.

Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for Thanksgiving.

The BSE mid-cap closed higher by 0.58 per cent while the small-cap index was up 0.45 per cent.

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

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.48%), Tata Power Company (1.08%), Oil & Natural Gas Corporation (0.86%), Infosys (0.80%), Cipla (0.75%), and Bharti Airtel (0.70%).

On the other hand, the S&P BSE metal index fell by 85.35 points and basic materials index by 8.36 points.

The stock market made a sedate start today as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.

Mumbai: Stocks on Thursday edged up in a volatile trade as gains in IT and technology ensured the key indices extended their winning streak for the sixth day.