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Markets@Moneycontrol: Markets end week on a positive note

25 November 2017

There was a lot of buzz all through Friday that global rating agency S&P will revise India's sovereign rating on Friday.

The NSE Nifty opened higher at 10,358.45 and moved in a range of 10,374.30 and 10,307.30 before ending at 10,348.75, marginally up by 6.45 points, or 0.06 per cent.

Overseas, Asian stocks were mostly subdued in trade, with the China's Shanghai Composite losing 2.26 per cent following new liquidity rules in the country. The market breadth was positive as 1506 shares advanced against a decline of 1,227 shares, while 154 shares were unchanged.

"Indian equity markets ended up in green for seventh straight sessions led by IT firms and a potential sovereign ratings upgrade by Standard & Poor's (S&P) later in the day", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS. The 30-share BSE Sensex finished at 33,679 - a three-week high - and the Nifty closed a little short of 10,400.


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

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.

The big movers that supported the key indices include Bajaj Auto, Infosys, Kotak Bank and Reliance Industries, rising by up to 1.64 per cent.

Markets@Moneycontrol: Markets end week on a positive note