India Markets Tuesday Wrap-Up: Indian Indices Remain Buoyant
By Equitymaster: Ratings downgrade seem to have become commonplace for the Indian economy, as the key indices in Indian share markets hardly reacted to another downgrade by ratings agency Fitch. Led by gains in cement, telecom and energy stocks, the Indian indices were, in fact, amongst the top gainers in Asia today. The indices surged higher in the final hour of trade and ultimately closed near the day's high. While the BSE-Sensex closed higher by around 154 points (up 0.9%), the NSE-Nifty closed higher by around 40 points (up 0.8%). The smaller indices had a relatively muted session on the bourses. The BSE Mid Cap index closed 0.2% higher while the BSE Small Cap ended flat. Most sectoral indices except BSE Infotech closed the day in the positive. As regards global markets, Asian indices closed mixed today while European indices have opened firm. The rupee was trading at Rs 55.97 to theComplete Story »
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