Late buying lifts Sensex; Himachal, Gujarat exit polls take centrestage | business news | Hindustan Times
  • Sunday, May 20, 2018
  •   °C  
Today in New Delhi, India
May 20, 2018-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

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
People walk through the Bombay Stock Exchange (BSE).
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.