Sensex, Nifty rally; TCS, Tata Motors gain

Nifty closed at 10,530.70 points, up 0.5%, while Sensex gained 0.62% to close at 34,056.83 points today.

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 Sensex gained 28 percent or 7,430 points this year. This has been a remarkable year for Indian markets, " said Sameet Chavan of Angel Broking.

"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".

The broader NSE index was up 0.34 per cent at 10,513.50 as of 0737 GMT, while the benchmark BSE index was 0.44 per cent higher at 33,998.31.

The US stocks turned choppy during the trading session on Thursday, while the Dow reached a new record closing high.

The calendar year 2017 has been a historical one for our markets as the Nifty index has registered gains of about 28% and touched the magical mark of 10,500, while the BSE Sensex has surged about 27% and touched the landmark of 34,000.

Anti-government protests spread across Iran, as 52 arrested
The semiofficial Ilna news agency reported there were smaller protests in Neyshabour, Kashmar, Yazd, and Shahroud on December 28. However, he noted that a call for "No to high prices" protests had been circulated on the messaging app Telegram.

Shares of Reliance Communications continued their rally for the fourth straight session today, ending 17% higher after Mukesh Ambani stepped in to bail out the debt- ridden firm by acquiring spectrum, tower, optical fibre network and other assets.

In four days, shares of the company have zoomed 122 percent adding Rs 5,506.76 crore to its market capitalisation.

Sector-wise, the rally was driven by telecom (up 1.63%), power (1.46%), teck (1.24%), IT (1.20%), auto (1.16%), FMCG (0.85%), consumer durables (0.85%), infrastructure (0.83%), capital goods (0.51%), realty (0.46%), bankex (0.36%) and healthcare (0.18%).

While the S&P BSE Mid-cap index saw gains of 48 per cent, the small cap index rose 58 per cent. Japan's Nikkei shed 0.08 percent.

European markets were down in early trade with Paris CAC 40 falling 0.11%, while Frankfurt's DAX shed 0.29%.

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