market watch

Sensex closes above 33,000, Nifty ends 100 points higher a day before Gujarat goes to polls

Strong cues from the Asian markets also helped the benchmark indices to make gains.

India’s benchmark indices rose on Friday on cues from strong Asian markets and as traders hoped for a victory for the Bharatiya Janata Party in the Gujarat Assembly elections. The first phase of voting is on Saturday. The market participants mostly want the BJP to win, which would further cement the party’s stronghold over Indian politics, Reuters reported.

The BSE Sensex rose 301.09 points to finish at 33,250.30, and the NSE Nifty50 closed 98.95 points higher at 10,265.65.

The top gainers on the Sensex were ITC, ONGC, Tata Motors, Sun Pharma and Tata Motors DVR. The stocks that gained the most on the Nifty were HPCL, ITC, Indian Oil Corp, BPCL and Hindustan Unilever.

The top losing stocks on the Sensex were Hero Motocorp, State Bank of India, Reliance Industries, Tata Consultancy Services and Asian Paints. The five biggest losers on the Nifty were Bharti Infratel, GAIL, Zee Entertainment, Reliance Industries and State Bank of India.

Among major Asian markets, Japan’s Nikkei 225 and the Hong Kong Hang Seng rose by 1.19% and 1.39%, respectively, while the Shanghai and Taiwan indices made modest gains on Friday.

The Indian rupee rose nine paise against the United States dollar to trade at 64.47 at 3.50 pm.

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Bringing the glamour back to flying while keeping it affordable

The pleasure of air travel is back, courtesy of an airline in India.

Before dinner, fashionable women would retire to the powder room and suited-up men would indulge in hors d’oeuvres, surrounded by plush upholstery. A gourmet meal would soon follow, served in fine tableware. Flying, back in the day, was like an upscale party 35,000 feet up in the air.

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This article was produced by the Scroll marketing team on behalf of Vistara and not by the Scroll editorial team.