Sensex gains above 300 points, markets soar ahead of inflation numbers

12 October, 2017, 15:31 | Author: Oscar Goodwin
  • Bombay Stock Exchange building

Sensex heavyweight Reliance Industries stole the show, surging 3.82 per cent to end at Rs 872.50 ahead of the second quarter earnings slated for Friday.

The broader National Stock Exchange (NSE Nifty) regained the 10k mark ending up 1.12 per cent to close at 10,096.40 - recording its biggest single-day gain since May 25.

At 9.15 a.m., the 30-share BSE index Sensex was up 53.48 points at 31,887.47 and the 50-share NSE index Nifty was up 34.75 points at 10,019.55.

The BSE market breadth was bullish - 1,694 advances and 980 declines.

The Sensex touched a high of 32,098.46 points and a low of 31,967.54 points in the trade so far.

TCS gained 1.92 per cent to Rs 2,548.55 as investors built up bets ahead of its earnings numbers.

On the currency front, the rupee strengthened by 13-14 paise to close at 65.14-15 against the U.S. dollar from its previous close at 65.28.

In the Sensex kitty, Sun Pharma topped the gainers list by climbing 2.42 per cent to Rs. 538.50 after the company said it has received establishment inspection report (EIR) from the United States health regulator for its Dadra facility. The major gainers of BSE Sensex during early morning trade on Thursday were SunPharma, Lupin, NTPC and Reliance while the firms that faced losses were Asain Paint, Tata Motors, Coal India and ICICI Bank.

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