The 10-year government bond (6.79% 2027) yield fell sharply by 1.58 percent or 11 basis points to 7.279 percent, from previous close. The Nifty too rallied 2,344.90 points, or 28.65%, in 2017.
"Ever since Gujarat elections, expectations are rising that the upcoming Budget would be rural focused and that is supporting the market sentiment in the near term".
Tata Motrs, Bharti Infratel, Axis Bank, Tata Consultancy Services, Hero MotoCorp, HCL Technologies and Adani Ports emerged as the top gainers in the NIfty50 index, each gaining over 2 per cent. The broad-based NSE Nifty rose 52.80 points, or 0.50%, to end at 10,530.70 after trading between 10,538.70 and 10,488.65.
The US stocks turned choppy during the trading session on Thursday, while the Dow reached a new record closing high.
Indian shares closed higher for the fourth straight session on Tuesday, led by.
In four days, shares of the company have zoomed 122% adding Rs 5,506.76 crore to its market capitalisation. Reliance Capital Ltd rose 4%, Reliance Infrastructure Ltd rose 1.8%, Reliance Naval and Engineering Ltd 4.3%, Reliance Power Ltd rose 4%. Reliance Industries Ltd rose 0.6% to Rs930.
Indices extended gains in the evening trade, with the Sensex trading above the psychological 34,000 mark on the last trading day of 2017.
Nifty IT and Nifty Auto indices climbed 1.47 and 1.28 per cent, respectively. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.