Press Esc to close
Wednesday 25 May 2016
News updated at 10:36 AM IST
Weather
Max: 34°C
Min : 22.7°C
In Bengaluru
Partially cloudy

Moody's rating perks up stocks, Sensex up 305 points

Mumbai, Nov 27, 2012, DHNS:

Key benchmark indices on Tuesday surged and settled at their highest closing level in over 2-1/2 weeks as investor sentiment got a boost by global credit rating agency Moody's retaining its stable outlook on India's sovereign rating followed by a healthy savings and investment rate that exceeded other emerging economies.

The market sentiment was also boosted by Prime Minister Manmohan Singh's comments
that he was confident of the UPA government numbers in Parliament -- after a meeting with UPA leaders.

Sensex at BSE gained 305.07 points or 1.65 percent to 18,842.08, its highest closing since November 8, 2012. The 50-unit S&P CNX Nifty at NSE rose 91.55 points or 1.62 percent to 5,727.45, its highest closing from November 8, 2012. The index hit a high of 5,733.20 and a low of 5,658 in intraday trade.

Also news of Greece's official creditors,including International Monetary Fund and European Union, had agreed on a deal to lower the country's debt burden also buoyed investor sentiment in D-Street.

Market sentiment was also boosted by data showing that foreign institutional investors (FIIs) remained net buyers of Indian stocks on Monday as they bought shares worth a net Rs 206.30 crore from the secondary equity markets as per data released by market regulator Sebi. 


Go to Top

Photo Gallery
Girls cover themselves during a dust storm in mathura on Monday...

Girls cover themselves during a dust storm in mathura on Monday...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

People hang fish to dry on bamboo poles in Mumbai...

People hang fish to dry on bamboo poles in Mumbai...

A cyclist with his daughter pedals his cycle holding an umbrella...

A cyclist with his daughter pedals his cycle holding an umbrella...

An elderly vendor waits for customers of green grass during rains in Srinagar....

An elderly vendor waits for customers of green grass during rains in Srinagar....

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523