Press Esc to close
Wednesday 08 July 2015
News updated at 3:03 AM IST
Weather
Max: 30.7°C
Min : 20.6°C
In Bengaluru
Generally 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
Indian villagers plant onion seeds on a field in Bhubaneswar...

Indian villagers plant onion seeds on a field in Bhubaneswar...

Exile Tibetan kids play in the rain at a Tibetan colony in New Delhi...

Exile Tibetan kids play in the rain at a Tibetan colony in New Delhi...

Indian Muslims arrive at a mosque to offer evening prayers...

Indian Muslims arrive at a mosque to offer evening prayers...

Boys enjoy a high tide in Mumbai on Tuesday...

Boys enjoy a high tide in Mumbai on Tuesday...

Shahid Kapoor's wedding with Mira Rajput...

Shahid Kapoor's wedding with Mira Rajput...

Actor Shahid Kapoor and Mira Rajput pose for photographers after their wedding...

Actor Shahid Kapoor and Mira Rajput pose for photographers after their wedding...

The newly wed couple, Shahid Kapoor and Mira Rajput shares the post marriage selfie

The newly wed couple, Shahid Kapoor and Mira Rajput shares the post marriage selfie

Shahid Kapoor's parents Supriya Pathak and Pankaj Kapur during the marriage ceremony...

Shahid Kapoor's parents Supriya Pathak and Pankaj Kapur during the marriage ceremony...

The newly wed couple pose for a picture with their friend Mubina Rattonsey...

The newly wed couple pose for a picture with their friend Mubina Rattonsey...

Shahid Kapoor and Mira Rajput pose for the photographers post wedding ceremony...

Shahid Kapoor and Mira Rajput pose for the photographers post wedding ceremony...

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