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Markets end positive for 7th straight session, up over 1% for the week

SI Reporter/New Delhi 24 Nov 17 | 03:31 PM

Benchmark indices ended positive for a seventh straight session on Friday led by IT firms, while bonds dipped on market talk of a potential sovereign ratings upgrade by Standard & Poor’s (S&P) later in the day.

Speculation about an S&P rating upgrade on India surfaced late on Thursday. This comes after a surprise upgrade by Moody’s last week.

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Foreign investors have net bought $2.33 billion worth of Indian shares in November so far.

Globally, Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-month lows after big falls the previous day on concerns about fresh government steps to curb financial risks and rise in Chinese bond yields.

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Sensex

Company Price Gain (%)
Kotak Mah. Bank1,055.500.36
Coal India303.650.21
Infosys1,124.900.00

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