The market sustained its uptrend for the fifth consecutive
session today with the Sensex rallying 177.46 points to 28885.21 after the
Moody's upgraded outlook on India to positive from stable. The Nifty closed
above 8750, up 63.90 points at 8778.30 supported by Reliance Industries and
banks stocks.Key benchmark indices swung between gains and losses near the flat
line after sliding into the red from decent gains in mid-afternoon trade. The
market breadth indicating the overall health of the market turned negative from
positive.
The barometer index, the S&P BSE Sensex was currently
down 6.08 points or 0.02% at 28,701.67. Realty and capital goods stocks
declined. The CNX Nifty was down 4.25 points or 0.05% at 8,710.15. The index
hit a low of 8,682.45 in intraday trade. The index hit a high of 8,764.60 in
intraday trade, its highest level since 19 March 2015.
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