Key benchmark indices closed in the positive with strong gain ..........
Key benchmark indices logged strong gains led by index heavyweight Reliance Industries and bank stocks. The barometer index, the S&P BSE Sensex, surged 348.23 points or 1.09% to settle at 32,182.22. The Nifty 50 index surged 111.60 points or 1.12% to settle at 10,096.40. The Nifty attained 3-week closing high above the psychologically important 10,000 mark. The Sensex also settled at three-week high. The Sensex surged 348.23 points or 1.09% to settle at 32,182.22, its highest closing level since 21 September 2017. The Sensex rose 375.04 points, or 1.18% at the day's high of 32,209.03 in late trade. The index fell 20.32 points, or 0.06% at the day's low of 31,813.67 in early trade. The Nifty 50 index surged 111.60 points or 1.12% to settle at 10,096.40, its highest closing level since 21 September 2017. The Nifty rose 119.65 points, or 1.20% at the day's high of 10,104.45 in late trade. The index fell 7.70 points, or 0.08% at the day's low of 9,977.10 in early trade. Among secondary barometers, the BSE Mid-Cap index rose 0.98%, underperforming the Sensex. The BSE Small-Cap index rose 1.15%, outperforming the Sensex. The market breadth, indicating the overall health ofthe market, was strong. On BSE, 1,706 shares rose and 962 shares fell. A total of 130 shares were unchanged.
Stocks and International Markets
HDFC Bank (up 1.11%), Yes Bank (up 0.69%), Kotak Mahindra Bank (up 1.37%), RBL Bank (up 1.22%) and Axis Bank (up 1.77%) rose. ICICI Bank rose 0.09%. DCB Bank rose 1.34%. Punjab National Bank (up 1.48%), Allahabad Bank (up 0.84%), Bank of Baroda (up 0.14%), IDBI Bank (up 0.77%) and Union Bank of India (up 0.64%) rose. State Bank of India (SBI) was unchanged at Rs 251.60. Dena Bank (down 1.31%), Canara Bank (down 0.26%), UCO Bank (down 1.01%) and Bank of India (down 1.56%) fell.
|DAX OCT 12||12,963.20||-7.46||-0.06|
|CAC OCT 12||5348.78||-13.63||-0.25|
|FTSE OCT 12||7552.33||18.52||0.25|
|Power Grid Corp||202.3||-0.55||-0.27|
Markets opens on a positive note and moved side ways for the half session. Nifty rose in the later session to closed nears days high at 10096.40 level up by 1.12% If Nifty sustains above 10080 level then traders could expect positive move in the Nifty towards 10120 followed by 10140 level. If Nifty trades below 10080 level for first hour of trade then traders may see down move, which could take Nifty towards 10020 level followed by 9980 level.
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