Markets

News Details

( 12 Oct 2018)
Sensex surges 687 pts, Nifty up 2%; rate sensitive stocks support

Indian benchmark indices extended gain in early deals on Friday, following a sharp fall in the previous session, led by gains across rate sensitive realty and auto stocks. Overseas, the Asian stocks were trading flat, following negative closing of US stocks in overnight trade, with Japan’s Nikkei 225, as investor remained jittery amid expectations of market volatility.

At 10:17 hours, the 30-share benchmark index was trading at 34688.89, up by 687.74 points or by 2.02 per cent, and the NSE Nifty was at 10431.5, up by 196.85 points or by 1.92 per cent.

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 765.05,+4.77%), YES Bank Ltd. (Rs. 250.95,+4.56%), Maruti Suzuki India Ltd. (Rs. 7155.75,+4.04%), ITC Ltd. (Rs. 274.95,+3.68%), Coal India Ltd. (Rs. 276.25,+3.62%), among others.

On the flip side, Tata Consultancy Services Ltd. (Rs. 1928.90,-2.57%), Infosys Ltd. (Rs. 669.90,-0.76%), Wipro Ltd. (Rs. 312.65,-0.13%), were among top losers on the BSE.

Among the thirteen sector indices, realty and auto stocks emerged as top gainers on BSE, rising as much as 3.43 per cent and 3.36 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2159, shares advanced were 1745 while 329 shares declined and 85 were unchanged.