Sensex surges 200 pts, Nifty up 0.7% on firm global cues:20/10/2016 10:20
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The Indian equities extended rally in early trade on Thursday, led by gains in rate sensitive stocks such as bank, reaty and auto stocks, tracking a positive trend across markets in Asia and a strong finish at Wall Street overnight as a rally in crude oil prices bolstered risk taking appetite.
At 10:15 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28191.75, up by 207.38 points or by 0.74 per cent, and the NSE Nifty was at 8719.1, up by 60 points or by 0.69 per cent.
On the global front, Asian stocks were higher as traders eyed the outcome of the final presidential debate between Trump and Clinton. Hopes that the European Central Bank which meets today for an interest rate decision may offer some cues over a possible extension to its bond buying program also supported sentiment.
In the early trade so far, the BSE Sensex touched intraday high of 28212.5 and intraday low of 28031.57, while the NSE Nifty touched intraday high of 8727 and intraday low of 8687.75.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 274.35,+3.53%), Adani Ports & Special Economic Zone Ltd. (Rs. 280.05,+3.21%), Housing Development Finance Corporation Ltd. (Rs. 1365.00,+1.71%), Axis Bank Ltd. (Rs. 543.40,+1.50%), State Bank of India (Rs. 258.10,+1.30%), among others.
Meanwhile, Wipro Ltd. (Rs. 493.45,-0.22%), Sun Pharmaceutical Industries Ltd. (Rs. 748.95,-0.19%), ITC Ltd. (Rs. 239.65,-0.06%), Dr. Reddy's Laboratories Ltd. (Rs. 3068.05,0.00%), were among top losers on BSE.
On the sectoral front, all the thirteen indices were trading in positive terrain while bank and realty stocks were leading the gain, adding as much as 1.5 per cent and 1.22 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2214, shares advanced were 1512 while 573 shares declined and 129 were unchanged.
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At 10:15 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28191.75, up by 207.38 points or by 0.74 per cent, and the NSE Nifty was at 8719.1, up by 60 points or by 0.69 per cent.
On the global front, Asian stocks were higher as traders eyed the outcome of the final presidential debate between Trump and Clinton. Hopes that the European Central Bank which meets today for an interest rate decision may offer some cues over a possible extension to its bond buying program also supported sentiment.
In the early trade so far, the BSE Sensex touched intraday high of 28212.5 and intraday low of 28031.57, while the NSE Nifty touched intraday high of 8727 and intraday low of 8687.75.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 274.35,+3.53%), Adani Ports & Special Economic Zone Ltd. (Rs. 280.05,+3.21%), Housing Development Finance Corporation Ltd. (Rs. 1365.00,+1.71%), Axis Bank Ltd. (Rs. 543.40,+1.50%), State Bank of India (Rs. 258.10,+1.30%), among others.
Meanwhile, Wipro Ltd. (Rs. 493.45,-0.22%), Sun Pharmaceutical Industries Ltd. (Rs. 748.95,-0.19%), ITC Ltd. (Rs. 239.65,-0.06%), Dr. Reddy's Laboratories Ltd. (Rs. 3068.05,0.00%), were among top losers on BSE.
On the sectoral front, all the thirteen indices were trading in positive terrain while bank and realty stocks were leading the gain, adding as much as 1.5 per cent and 1.22 per cent respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2214, shares advanced were 1512 while 573 shares declined and 129 were unchanged.
