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Late buying lifts Sensex; Himachal, Gujarat exit polls take centrestage

The Sensex overcame early losses and ended with a gain of 194 points as investors turned their attention to exit poll results of Gujarat and Himachal elections.

business Updated: Dec 14, 2017 16:43 IST
Press Trust of India
Press Trust of India
Press Trust of India, Mumbai
Sensex,Markets,Stock Market
People walk through the Bombay Stock Exchange (BSE).(Hindustan Times File Photo)

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 per cent over the next few quarters, but it is likely to take a few years to return to 7.5 per cent 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 per cent -- 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 per cent, 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.

First Published: Dec 14, 2017 16:43 IST