The market is still in a buying mode as the the Sensex is up 167.57 points or 0.6 percent at 28172.94. The Nifty up 55.05 points or 0.6 percent at 8679.10. About 1452 shares have advanced, 688 shares declined, and 134 shares are unchanged.
Adani Ports, ICICI Bank, NTPC, Bharti Airtel and BHEL are top gainers while Coal India, Asain Paints, L&T, Wipro and GAIL are losers in the Sensex.
Moody's Investors Service today retained India's growth forecast at 7.5 percent for 2016 but revised upwards estimates for China to 6.6 percent citing strong fiscal and monetary support.
In its latest assessment of the global economy, Moody's Investors Service said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as the most immediate downside risks to the global economic outlook.
Moody's now expects China to grow at the rate of 6.6 percent and 6.3 percent in 2016 and 2017, respectively as compared to the previous forecast of 6.3 percent and 6.1 percent, with the higher growth rate being driven by significant fiscal and monetary policy support," it said in a statement.
Adani Ports, ICICI Bank, NTPC, Bharti Airtel and BHEL are top gainers while Coal India, Asain Paints, L&T, Wipro and GAIL are losers in the Sensex.
Moody's Investors Service today retained India's growth forecast at 7.5 percent for 2016 but revised upwards estimates for China to 6.6 percent citing strong fiscal and monetary support.
In its latest assessment of the global economy, Moody's Investors Service said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as the most immediate downside risks to the global economic outlook.
Moody's now expects China to grow at the rate of 6.6 percent and 6.3 percent in 2016 and 2017, respectively as compared to the previous forecast of 6.3 percent and 6.1 percent, with the higher growth rate being driven by significant fiscal and monetary policy support," it said in a statement.
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