Markets steady: Sensex gains 258 points, Nifty ends above 8200

India Infoline News Service | Mumbai | November 30, 2016 15:51 IST

The BSE Sensex ended with a gain of 258.80 points at 26652.81. The NSE Nifty closed 82.35 points higher at 8,224.50.

The Indian stock market rallied to a near 3-week high as a gauge of lenders snapped its two-day losing streak and automakers extended their rally. The key benchmark extended their gains in the late afternoon session and was hovering near the highest point of the day on continued buying by domestic institutional investors amid higher opening among European counterparts. Sentiments remained upbeat on expectations of positive Gross Domestic Product (GDP) data to be released later in the day.

Further, Oil markets edged up ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.

The BSE Sensex ended with a gain of 258.80 points at 26652.81. The benchmark indices opened at 26441.02, touched an intra-day high of 26680.55 and low of 26395.50.

The NSE Nifty closed 82.35 points higher at 8,224.50. It opened at 8,172.15 points, hitting a high of 8,234.25 and low of 8,139.25.

The India VIX (Volatility) index was down 4.84% at 16.8500. The BSE Midcap closed at 12498.62 and Smallcap indices closed at 12329.65, both indices ending up by 1%. Out of 1487 stocks traded on the NSE, 389 declined and 1028 advanced today.

A total of 23 stocks registered a fresh 52-week high in trade today, whereas 11 stocks touched a new 52-week low on the NSE.

At the close of day, ICICI Bank, Maruti Suzuki, Ambuja Cement, Yes Bank, Ultra Cement were the top gainers while Idea, Lupin, GAIL, Reliance, Zee Entertainment, Cipla, Tata Motors were among the losers on NSE.

The rupee was trading at 68.48 per US dollar. Gold was trading at Rs 28,645 per 10 gms and silver was trading at Rs 40,712 per kg.

On the global front, most Asian indices closed in green and marginally up. However, The Shanghai Composite index slipped 0.99%. In Europe, the FTSE 100 was up 0.35%. CAC 40 and DAX was up 0.36% and 0.24% respectively, where all indices were trading in green while, the US Nasdaq was also up 0.21%.


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