Nifty up 41 points; ends below 10400

Nov 25, 2017, 02:13
Nifty up 41 points; ends below 10400

There was a lot of buzz all through Friday that global rating agency S&P will revise India's sovereign rating on Friday. Nifty also opened in the green and were gaining at 0.20 per cent in early trade.

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

The 50-share Nifty gained 30.70 points, or 0.29 per cent, at 10,379.45.

After trading steady through the day, frontline indices ended the week on a very positive note as the Nifty closed just short of 10,400-mark.

However, some gains were capped as investors booked profits in metals stocks and foreign investors pulled out money from stocks.

The benchmark 10-year bond fell, with yield rising as high as 7.04 percent.

At 0610 GMT, the S&P BSE Sensex rose 0.19 percent at 33,624 while the broader NSE Nifty edged up 0.22 percent to 10,365. On NSE, 1,034 shares advanced and 731 declined, while 65 remained unchanged. Relentless buying by domestic institutional investors (DIIs) came against the background of a moderate recovery in the rupee.

Major index gainers were Aurobindo Pharma, IndusInd Bank, Infosys, GAIL, Bharti InfraTel, Ultratech Cement and Powergrid.

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.