Key Indian benchmark indices close positive on Thursday after six sessions of negative closing
Mumbai, Mar 8 (IBNS): The Indian market finally saw a turn around on Thursday, with BSE Sensex up 318.48 points at 33,351.57and NSE Nifty up 88.50 points at 10,242.70, according to media reports.
According to reports, easing of the fear of a trade war on the news that some countries are likely to be excluded from the import tariff plan proposed by the US, partly boosted global markets, including the Indian market.
Some of the key stocks that rallied on Thursday were SBI, ICICI Bank, Adani Ports, M&M and Reliance while Sun Pharma, Tata Steel, Yes Bank, GAIL, Tata Motors and TCS were some of the key stocks that declined.
Meanwhile, according to media reports on Thursday, debt-ridden telecom company Reliance Communications or RCom, in a regulatory filing said that it adjourned the March 6 meeting of holders of its USD 300 million senior secured bonds, for "want of quorum" and will now hold it on March 20, 2018.
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