Press Esc to close
Sunday 26 March 2017
News updated at 2:06 AM IST

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
A delegation of FIFA U-17 Football World Cup at DY Patil Stadium in Navi Mumbai on Saturday...

A delegation of FIFA U-17 Football World Cup at DY Patil Stadium in Navi Mumbai on Saturday...

Artists Kashmir perform at fifth Rashtriya Sanskriti Mahotsav (RSM) organized by North East Zone...

Artists Kashmir perform at fifth Rashtriya Sanskriti Mahotsav (RSM) organized by North East Zone...

President Donald Trump, flanked by Health and Human Services Secretary Tom Price...

President Donald Trump, flanked by Health and Human Services Secretary Tom Price...

New Mobile Medical Unit vehicle are launched by Karnataka Health and Family Welfare Department...

New Mobile Medical Unit vehicle are launched by Karnataka Health and Family Welfare Department...

Map of India with BJP symbol- Lotus, during the Panch Parmeshwar Sammelan for the MCD elections...

Map of India with BJP symbol- Lotus, during the Panch Parmeshwar Sammelan for the MCD elections...

Bollywood actor Shilpa Shetty during the launch of Saffola breakfast cereal, in Mumbai...

Bollywood actor Shilpa Shetty during the launch of Saffola breakfast cereal, in Mumbai...

A farmer from Tamil Nadu state climbs a tree in a bid to commit suicide, but was later coaxed down..

A farmer from Tamil Nadu state climbs a tree in a bid to commit suicide, but was later coaxed down..

Union Home Minister Rajnath Singh pinning stars on the shoulders of a cadet during passing out...

Union Home Minister Rajnath Singh pinning stars on the shoulders of a cadet during passing out...

Women with their faces painted to on the eve of 60th Earth Hour in Muradabad on Saturday...

Women with their faces painted to on the eve of 60th Earth Hour in Muradabad on Saturday...

Indian cricketers pose with series trophy before the start of last test match against Australia...

Indian cricketers pose with series trophy before the start of last test match against Australia...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523