Indices end at 2-week high

Persistent buying by domestic institutional investors came against the background of a recovery in the rupee

At 10.55 am, BSE Sensex trades 99 points, or 0.29% higher, at 33,687 points.

FMCG stocks rallied the most. USA markets closed on a soft note after Federal Reserve released the minutes of its previous meeting which showed that the policy makers are largely positive about the economy but worry that market prices are getting out of hand.

For the week, Sensex and Nifty rose 1% each.

The benchmark BSE index closed up 0.25 percent at 33,561.55 while the broader NSE index ended 0.15 percent higher at 10,342.30.

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Value buying in consumer durables, oil and gas as well as IT stocks lifted the key Indian equity indices on Friday although profit booking in metals sector capped the gains.

At 9:51 PM, Sensex was 88.54 points up to trade at 33,675.57 while Nifty was trading at 28.70 pois to reach upwards at 10,377.30.

According to market observers, index heavyweights like Infosys, Mahindra & Mahindra, Bajaj Auto, Kotak Bank and Sun Pharma (on BSE) added to the upward trajectory.

United States stock markets remained closed yesterday on account of Thanksgiving holiday. The market breadth was positive as 1506 shares advanced against a decline of 1,227 shares, while 154 shares were unchanged. The market capitalisation of listed firms on NSE stood at Rs 1,44,38,892.20 crore.

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