Sensex gains 194 points, Nifty above 10,250-mark; Gujarat elections exit polls take centrestage

BSE Sensex bounced back in the last one hour of the session to hit a high of 33,321.52 before closing up 193.66 points -- or 0.59 percent -- at 33,246.70

PTI December 14, 2017 16:26:39 IST
Sensex gains 194 points, Nifty above 10,250-mark; Gujarat elections exit polls take centrestage

Mumbai: The Sensex overcame early losses and ended with a gain of 194 points on Thursday on fag-end buying as investors turned their attention to exit poll results of Gujarat elections.

The NSE Nifty went above 10,250-mark.

Sensex gains 194 points Nifty above 10250mark Gujarat elections exit polls take centrestage

BSE building. Reuters.

India's economic growth has bottomed out and will recover further to 7 percent over the next few quarters, but it is likely to take a few years to return to 7.5 percent above levels, Standard Chartered said in its report.

The 30-share BSE Sensex bounced back in the last one hour of the session to hit a high of 33,321.52 before closing up 193.66 points -- or 0.59 percent -- at 33,246.70.

The gauge had lost 402.75 points in the previous two sessions disappointed by grim economic data and the ADB lowering India's economic growth forecast.

The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 percent, at 10,252.10. Intra-day, it shuttled between 10,276.10 and 10,141.55.

An appreciating rupee against US dollar gave more support.

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