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vegassports-odds.com October 18, 2017


Sensex Zooms 135 Points at 31969, Nifty Above 10000

12 October 2017, 03:32 | Kevin Scott

Sensex up 53 points; realty, healthcare stocks major gainers

Sensex surges 100 points, Nifty opens above 10000; Bharti Airtel, Sun Pharma GAIL up 1.5%

It was a spectacular rally in late trade Thursday as the Sensex surged 375 points and the Nifty reclaimed 10,100 level intraday, backed by Reliance Industries, private banks, FMCG and metals stocks.

At 11.30 AM: Sensex zooms over 102 points or 0.32% at 31,936.31 while the wider Nifty was up by over 37 points or 0.37% at 10,022.05.

Intra-day, it scaled a high and a low of 10,104.45 and 9,977.10, respectively.

The 30-share Sensex after opening higher settled up 348.23 points, or 1.09 per cent, at 32,182.22.

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The BSE market breadth was bearish - 1,840 declines and 918 advances. "Investor's expectation on some tailwinds in IT stocks ahead of results kept the counter busy", said Vinod Nair, Head of Research, Geojit Financial Services Ltd. "Market heavyweights TCS and Reliance Industries are slated to post results later this week", said Dhruv Desai, Director and Chief Operating Officer of Tradebulls. Asian stock markets were mostly higher taking cues from signs of confidence in the US.

"September quarter earnings season is expected to be subdued due to the impact of the Goods and Services Tax (GST)".

Axis Bank, Hindustan Unilever, Adani Ports and Hero MotoCorp all went up.

Japan's Nikkei rose 0.47 per cent while Hong Kong's Hang Seng moved up 0.17 per cent in early trade today.



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