Mumbai: Stocks were off to a positive start
in the final trading session of 2017, with the benchmark
Sensex gaining 110 points and the NSE Nifty crossing the
10,500-point mark on widespread gains led by banking, FMCG and
capital goods shares.
Besides, beginning of January series in the futures and
options (F&O) segment accelerated buying by participants,
which supported the upside.
The 30-share index rose 110.26 points, or 0.32 per cent,
to 33,958.29. All the sectoral indices led by power,
capital goods, infrastructure and healthcare were up, rising
by up to 1.01 per cent.
The barometer had lost 162.58 points in the previous two
sessions.
The broad-based NSE Nifty too was up 30.30 points, or
0.28 per cent, at 10,508.20.
Power Grid, Tata Steel, L&T, Adani Ports, Axis Bank,
SBI, NTPC, Asian Paint, HDFC Ltd, Hero MotoCorp, ITC Ltd,
Sun Pharma, Maruti Suzuki, TCS and Reliance Industries
were major gainers, which supported the indices.
Shares of Reliance Communications continued their upward
march for yet another session, soaring 19.51 per cent to
Rs 37 after reports that Mukesh Ambani-led Reliance Jio will
acquire mobile business assets including spectrum, mobile
towers and optical fibre network of Reliance Communications.
Globally, Hong Kong's Hang Seng rose 0.42 per cent while
Japan's Nikkei up 0.25 per cent in early trade. Shanghai
traded too gained 0.16 per cent.
The US Dow Jones Industrial Average closed 0.26 per cent
higher yesterday.
PTI
