You are here: Home » Markets » News
Business Standard

Markets end positive for 7th straight session, up over 1% for the week

All that happened in the markets today

Topics
Markets

SI Reporter  |  New Delhi 

Benchmark indices ended positive for a seventh straight session on Friday led by IT firms, while bonds dipped on market talk of a potential sovereign ratings upgrade by Standard & Poor’s (S&P) later in the day. Speculation about an S&P rating upgrade on India surfaced late on Thursday. This comes after a surprise upgrade by Moody’s last week. Foreign investors have net bought $2.33 billion worth of Indian shares in November so far. Globally, Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-month lows ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Markets end positive for 7th straight session, up over 1% for the week

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services    "Market traded in a positive bias on account of renewed buying in IT stocks and expectation of sovereign rating upgrade. Domestic fundamentals are better while a positive upgrade in rating will provide more conviction to investors on the government’s reforms agenda."

Markets end positive for 7th straight session, up over 1% for the week

Nifty PSU Banks fall Source: NSE

Markets end positive for 7th straight session, up over 1% for the week

Sectoral Trend Source: NSE

Markets end positive for 7th straight session, up over 1% for the week

Top Sensex gainers and losers Source: BSE

Markets end positive for 7th straight session, up over 1% for the week

Broader Markets In broader markets, the BSE Midcap and BSE Smallcap indices ended 0.6% and 0.5% higher

Markets end positive for 7th straight session, up over 1% for the week

Markets at close The S&P BSE index ended the day at 33,679, up 91 points while the broader Nifty50 index settled at 10,389, up 40 points

Markets end positive for 7th straight session, up over 1% for the week

BSE to auction investment limits for Rs 4,000-cr govt bonds   Leading stock exchange BSE on Friday said it will auction investment limits on Monday, enabling foreign investors to purchase government bonds nearly worth Rs 4,000 crore.   The auction will be conducted on BSE's 'ebidexchange' platform from 1530 hrs to 1730 hrs, after the close of market hours, the exchange said in a circular.   The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.

Markets end positive for 7th straight session, up over 1% for the week

Theresa May steps up lobbying efforts to broaden Brexit talks with EU   British Prime Minister Theresa May is stepping up her lobbying efforts to broaden Brexit negotiations with the European Union to future relations and trade, as the talks bog down on preliminary issues.   May said today that she will hold meetings in Brussels, including with EU Council President Donald Tusk, about progress in the talks, which must be completed well before Britain leaves the bloc in March 2019.   She sidestepped questions about how much Britain would pay to settle its EU financial accounts, saying talks will look "ahead to the future deep and special partnership that I want with the European Union."

Markets end positive for 7th straight session, up over 1% for the week

HDFC Life to raise exposure to capital goods stocks on govt infra push   HDFC Standard Life Insurance Co is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.   Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of the road and housing projects, Prasun Gajri, chief investment officer at HDFC Life told Reuters.   "I think the entire capital goods sector could start looking better than what it has been in the past," said Gajri, who oversees management of more than $15 billion of investments in debt and equity. "We could look to increase exposure in some of these areas as we go along." READ MORE

Markets end positive for 7th straight session, up over 1% for the week

Uber's $10-bn stock sale deal with SoftBank shrouded in data breach scandal   A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.   The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank, a critical deal for the company whose problems included building software to spy on competitors and to evade regulators and being investigated in Asia for paying bribes. READ MORE

Markets end positive for 7th straight session, up over 1% for the week

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 33,701.43 +113.35 +0.34   S&P BSE SENSEX 50 10,834.67 +46.26 +0.43   S&P BSE SENSEX Next 50 35,793.89 +131.89 +0.37   S&P BSE 100 10,855.65 +45.30 +0.42   S&P BSE Bharat 22 Index 3,752.03 +9.53 +0.25

First Published: Fri, November 24 2017. 15:31 IST
RECOMMENDED FOR YOU

Markets end positive for 7th straight session, up over 1% for the week

All that happened in the markets today

Benchmark indices ended positive for a seventh straight session on Friday led by IT firms, while bonds dipped on market talk of a potential sovereign ratings upgrade by Standard & Poor’s (S&P) later in the day. Speculation about an S&P rating upgrade on India surfaced late on Thursday. This comes after a surprise upgrade by Moody’s last week. Foreign investors have net bought $2.33 billion worth of Indian shares in November so far. Globally, Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-month lows ...

image
Business Standard
177 22