Indian shares extend winning streak to day 7; Infosys gains 3%

Andrew Cummings
November 24, 2017

Sectoral indices such as capital goods, auto, consumer durables, and banking were all in the green by up to 0.47 percent. The NSE Nifty trades at 10,383 points, 34 points, 0.33% higher than Thursday's closing.

At 9.23 am, the BSE Sensex was trading 76.77 points, or 0.23 per cent, higher at 33,664.85.

The 30-scrip Sensitive Index (Sensex), was trading 76.76 points or 0.23 per cent higher soon after opening. Uninterrupted buying by domestic financial institutions and widening of exposure by retail investors amid a mixed trend in Asian bourses supported the rally, according to traders. Domestic institutional investors (DIIs) mopped up equities worth a net Rs 837.22 crore while foreign portfolio investors (FPIs) sold off shares worth a net Rs 441.46 crore Tuesday, provisional data showed.

Around 12.45 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,344.25 points - up 1.95 points or 0.02 per cent - from its Wednesday's close.

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

On the other hand, Dr Reddy'S Laboratories (2.10%), Adani Ports and Special Economic Zone (1.65%), Bajaj Auto (1.52%), Asian Paints (1.12%), NTPC (0.94%), and Housing Development Finance Corporation (0.88%) were the biggest losers in the Sensex.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1 per cent in early trade, led by 0.3 per cent fall in Australian shares. US Markets were closed on account of Thanksgiving holiday and will have a shortened trading day today.

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