Sensex crosses 33k-points, state-run banks stocks shine

Ann Santiago
October 28, 2017

The benchmark indices on Thursday closed at all-time highs supported by banking and infra sector stocks on the back of government's Rs 2.11 lakh crore public sector bank's recapitalisation plan and Rs 7 lakh crore allocation for building highways across the country. Meanwhile, the Nifty was trading lower by 21.20 points or 0.21% at 10,274.15 with 28 components falling.

Indian shares ended a lackluster session on a flat note Friday as mixed earnings results prompted traders to book some profits at higher levels after recent sharp gains. The index gained 1.8 percent for the week.

The 30-share BSE Sensex was up 435.16 points or 1.33 percent at 33,042.50 and the 50-share NSE Nifty rose 87.70 points or 0.86 percent to 10,295.40. Both the indices outperformed the Sensex.

In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) bought scrip worth Rs 3,582.50 crore, whereas domestic institutional investors (DIIs) sold stocks worth Rs 155.71 crore.

Major gainers were, Adaniports 4.59 pct, Kotak Bank 2.05 pct, SunPharma 1.80 pct, TataMtrDvr 1.78 pct, ITC 1.68, Bajaj Auto 1.54 pct, Maruti 1.50 pct and HeroMotoCo 1.35 pct.

According to the latest data available, now around 39 listed banks had collected Rs 8.35 lakh crore worth of NPAs.

The rupee fell by 27 paise to 65.09 per dollar in late morning deals on month-end dollar demand from importers and gains in the greenback in overseas markets.

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