Sensex rises 700 pts, Nifty tests 10,450
12/10/2018 13:23
The benchmark indices are trading over 2 per cent higher with the Nifty50 reclaiming the 10,400-mark as rupee rose against US Dollar amid steady Asian markets.

Among the sectoral indices, the Nifty IT index is trading nearly 1 per cent lower led by a fall in Tata Consultancy Services (TCS) TCS fell 3.9 per cent to Rs 1,903 on the NSE in intra-day trade in an otherwise firm market after the company reported a lower than expected revenue growth of 3.7 per cent in constant currency (CC) terms in September quarter on the sequential basis.

Globally, Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw its shares crumble to near 4-year lows.

At 13:13 hours, BSE SENSEX was at 34719.59 up by 718.44 points or by 2.11 % and then NSE Nifty was at 10453.25 up by 218.6 points or by 2.14 %.

The BSE Sensex touched intraday high of 34758.17 and intraday low of 34279.78. The NSE Nifty touched intraday high of 10470.9 and intraday low of 10322.15.

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 774.30,+6.04%), Maruti Suzuki India Ltd. (Rs. 7272.00,+5.73%), Bajaj Auto Ltd. (Rs. 2644.00,+4.75%), ITC Ltd. (Rs. 276.00,+4.07%), Kotak Mahindra Bank Ltd. (Rs. 1159.00,+3.94%), among others.

The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 1923.90,-2.82%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2726 , shares advanced were 2018 while 559 shares declined and 149 were unchanged.