Sensex ends higher for a seventh session; bonds slide

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In the later part of the session the Nifty 50 reclaimed its 10,400-point mark as investor confidence got a boost due to positive global cues and ahead of a likely update by S&P Global Ratings on India's sovereign debt rating later today.

The benchmark 10-year bond fell, with yield rising as high as 7.04 percent.

The NSE Nifty50 was up 6.45 points or 0.06 per cent to close at 10,348.75 points while the Sensex closed higher by 26.53 points or 0.08 per cent at 33,588.08 points.

Indian shares ended higher for a seventh straight session on Friday as IT firms gained, while bonds slid on market talk of a potential sovereign ratings upgrade by Standard & Poor's.

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Major gainers in the early trade are Bajaj Auto, Infosys, Cipla, Reliance Industries (RIL) and Kotak Mahindra Bank that trade higher in the range of 0.80% to 1.5%. Asian stocks gained after volatile trade. On NSE, 1,034 shares advanced and 731 declined, while 65 remained unchanged.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 416.28 crore, while domestic institutional investors purchased stocks worth Rs 427.63 crore.

For the week, Sensex and Nifty rose 1% each. In Friday's trade, all sectoral indices, apart from those of banks and metals, finished with gains.

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