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Published: Wed, October 11, 2017
Research | By Jennifer Evans

Sensex up in Opening Trade, Nifty Above 10000

Sensex up in Opening Trade, Nifty Above 10000

A spike witnessed during the first hour of trade was held by the market for rest of the session, with the Nifty closing above 10,000-mark on Tuesday. At the close, the benchmark 30-share index, BSE Sensex added 77.52 or 0.24% at 31,924.41 with 14 components posting rise.

Sectoral indices took strength from consumer durables, FMCG, healthcare and auto stocks, trading higher by up to 2.12 per cent.

The Nifty50 closed at 10,016.95 points - up 28.20 points or 0.28 per cent.

The Sensex touched a high of 31,957.61 points and a low of 31,905.93 points in the intra-day trade so far.

Indian shares continued their winning streak to day seven on Tuesday, tracking gains in Asian equities amidst global growth optimism.

The market breadth, indicating the overall health of the market, was in favour of gainers. "In Europe, FTSE 100 now traded higher and DAX and CAC 40 traded lower".

Market observers opined that some gains were capped as caution prevailed in the markets ahead of the earnings season for the July-September period, which starts later during the week. It was followed by Dwekam Industries (6.79 million), Tata Teleservices (Maharashtra) (6.10 million) and Reliance Communications (3.39 million). On the NSE, 1,025 stocks advanced, 703 declined and 75 remained unchanged.

Stocks such as ITC (down 0.82 per cent), ICICI Bank (down 0.96 per cent), HDFC (down 0.32 per cent), Hindustan Unilever (down 0.83 per cent) and Tata Motors (down 0.49 per cent) on the other hand, dragged the index on awaiting September quarterly numbers.

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