Market in positive lane for 7th day

Violet Tucker
November 25, 2017

Benchmark Nifty ended on a flat note in a volatile trade, up marginally by six points as positive trend continued for sixth consecutive session following value buying mainly in IT, energy and media sectors. USA markets closed on a soft note after Federal Reserve released the minutes of its previous meeting which showed that the policy makers are largely positive about the economy but worry that market prices are getting out of hand.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,670 points, closed at 33,679.24 points - up 91.16 points or 0.27 per cent - from its Thursday's close.

During the day, the 50-share pack reclaimed the 10,400 level for the first time since November 7.

The 30-share Sensex had earlier slipped to a low of 33,468.30, but some last-minute buying helped the index wipe- off losses and closed up 26.53 points, or 0.08 per cent, at 33,588.08.

The broader markets outperformed, with the Nifty Small Cap and Midcap indices rising 0.50 per cent and 0.38 per cent, respectively.

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For the week, Sensex and Nifty rose 1% each.

Major index gainers were Infosys, Reliance, Sun Pharma, Eicher Motors, Tech Mahindra, HCL Tech and Hind Petro.

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

Turnover in the cash segment fell to Rs 29,651.46 crore from Rs 29,866.40 crore yesterday.

Sunteck Realty is reportedly planning to ramp up its commercial property business, by pumping in about Rs 1,500 crores.

Other reports by Guamnewswatch

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