Sensex up 300 points again as market closes on positive mood

Published On: 08, Dec 2017 | Source: Timesofindia

NEW DELHI: On Friday, the market rallied from where it had left yesterday as Sensex finished more than 300 points above previous closing. While the 30-share index gained almost a per cent to finish on 33,250.30, the broader 50-share NSE Nifty gained 98.95 points to close on 10,265.65.

In Friday's early trade, both the benchmark indices consolidated on Thursday's positive sentiment and then extended the gains throughout the day. FMCG stocks were the major drivers of the Street with the Nifty FMCG sub-index surging more than 2 per cent during the day.

The PSU Bank sub-index though tanked almost a per cent on an otherwise buoyant day.

The equity market seems to have got over the correction it went through leading to the RBI's decision of holding the key lending rates to existing levels. With the Sensex once again firm above the 33,000-mark, investors would be hoping against another downturn.

ITC, Tata Motors, Sun Pharma and Hindustan Petroleum were the major gainers while Infratel, GAIL, Hero MotoCorp and SBI lost the most.

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