At the close of market hours, the Sensex was up 190.29 points or 0.54% at 35150.01, while the Nifty was up 60.70 points or 0.58% at 10549.20.

Dec 11, 03:35 PM (IST)
Market at Close In what was anticipated to be a day of bloodbath on D-Street, a trend reversal in the last few hours of trade helped Indian shares close on a positive note.

An abrupt resignation by RBI governor Urjjit Patel late on Monday, along with jitters among investors who bet on a stable government added to the negative sentiment.

In fact, overnight, the Nifty futures on Singaporean Exchange fell 450 point as well, bracing investors for a similar impact here.

However, some clarity emerging on single party getting a majority in all states could have aided sentiment on the markets.

Among sectors, pharmaceuticals, PSU banks, consumption, IT and automobiles, among others, were the big gainers. Meanwhile, the Nifty Midcap index closed with gains of 2 percent.

At the close of market hours, the Sensex was up 190.29 points or 0.54% at 35150.01, while the Nifty was up 60.70 points or 0.58% at 10549.20. The market breadth was positive as 1623 shares advanced, against a decline of 771 shares, while 139 shares were unchanged.

Yes Bank and Sun Pharma were the top gainers, while HDFC Bank, Bharti Airtel, HPCL and IOC lost the most.

Dec 11, 03:10 PM (IST)
SBI on Vijay Mallya’s offer

Country’s largest lender State Bank of India (SBI) said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over Rs 9,000 crore of loans.

In a major boost to India’s efforts to bring back Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court ordered his extradition.

Dec 11, 02:43 PM (IST)
Market Update It’s a major reversal in trend for the market, with all-round buying across sectors boosting indices.

The Sensex is up 187.75 points or 0.54% at 35147.47, and the Nifty up 63.50 points or 0.61% at 10552.00. About 1517 shares have advanced, 738 shares declined, and 129 shares are unchanged.

source: moneycontrol.com