Sensex surges nearly 800 pts, Nifty above 10,450; M&M, Maruti Suzuki top gainers
12/10/2018 14:17
Benchmark indices BSE Sensex and NSE’s Nifty 50 are trading higher on Friday as the global stock slump showed signs of easing.

Asian stocks traded mixed with Japan marginally lower, China little changed and Hang Seng and Kospi indices trading higher. European markets are also higher today with shares in France leading the region. The CAC 40 is up 0.67% while London's FTSE 100 is up 0.58% and Germany's DAX is up 0.55%.

Back home, among sectoral indices, the Nifty Auto index is trading over 4 per cent higher led by a rally in shares of Mahindra & Mahindra and Maruti Suzuki India. The Nifty Bank index, too, has risen around 2.5 per cent led by IndusInd Bank and ICICI Bank.

Meanwhile, oil prices steadied on Friday after a market rout driven by sharp falls in equity markets. The rupee rose against the dollar, tracking gains in local markets and Asian currencies, and ahead key inflation data due later in the day.

At 14:05 hours, BSE SENSEX was at 34769.06 up by 767.91 points or by 2.26 % and then NSE Nifty was at 10454.6 up by 219.95 points or by 2.15 %.

The BSE Sensex touched intraday high of 34807.22 and intraday low of 34279.78. The NSE Nifty touched intraday high of 10488.45 and intraday low of 10322.15.

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 772.55,+5.80%), Maruti Suzuki India Ltd. (Rs. 7275.30,+5.77%), Bajaj Auto Ltd. (Rs. 2647.40,+4.88%), ITC Ltd. (Rs. 276.60,+4.30%), Coal India Ltd. (Rs. 277.40,+4.05%), among others.

The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 1927.00,-2.66%), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2833, shares advanced were 2080 while 608 shares declined and 145 were unchanged.