Banks lift Sensex 350 pts post India’s rating upgrade; Realty spikes

Benchmark indices maintained uptrend in last hour of trade, with the Sensex rising nearly 300 points after Moody’s upgraded India’s sovereign rating to Baa2 and changed the outlook to stable from positive. However, the selling in technology stocks due to rupee appreciation capped gains.

The 30-share BSE Sensex was up 290.72 points or 0.88 percent at 33,397.54 and the 50-share NSE Nifty rose 83.60 points or 0.82 percent to 10,298.40.

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