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Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

SI Reporter  |  New Delhi 

Bonds, Stock markets, Shares, Trading

Nifty Chart of the day Source: NSE Nifty Bank up 1% Source: NSE Sectoral Trend Source: NSE Top Sensex gainers and losers Source: BSE Broader Markets Broader markets were in line with the frontline indices with BSE Midcap up 0.9% and BSE smallcap up 1%  Markets at Close The S&P BSE Sensex ended at 33,250, up 301 points while the broader Nifty50 index settled at 10,265, up 98 points

Benchmark indices rose for the second straight session on Friday amid hopes the ruling Bharatiya Janata Party (BJP) would win critical state elections in Gujarat beginning this weekend, while automakers gained on reports of an expected price hike next year.

The election in Prime Minister Narendra Modi’s home state is a key test for the BJP, ahead of general elections in 2019. The results will be out later this month.

According to polls, the BJP could win, but with a reduced majority - an outcome that would still soothe investors, who are hoping for more political stability and have largely welcomed Modi’s reform agenda.

Globally, rallied for a second session on Friday as economic from and Japan beat all expectations while bitcoin, the market’s new crypto-star, tumbled more than 10 percent after a meteoric ascent in recent weeks.

First Published: Fri, December 08 2017. 15:30 IST
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Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

Benchmark indices rose for the second straight session on Friday amid hopes the ruling Bharatiya Janata Party (BJP) would win critical state elections in Gujarat beginning this weekend, while automakers gained on reports of an expected price hike next year.

The election in Prime Minister Narendra Modi’s home state is a key test for the BJP, ahead of general elections in 2019. The results will be out later this month.

According to polls, the BJP could win, but with a reduced majority - an outcome that would still soothe investors, who are hoping for more political stability and have largely welcomed Modi’s reform agenda.

Globally, rallied for a second session on Friday as economic from and Japan beat all expectations while bitcoin, the market’s new crypto-star, tumbled more than 10 percent after a meteoric ascent in recent weeks.

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