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
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.
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.
Both the BSE Sensex and NSE Nifty50 closed modestly lower on Friday after investors offloaded banking, finance and metal stocks in the last hour of trade amid sluggish global cues
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At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
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After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40