Markets

Sensex gains 70 points, Nifty above 10000

Sensex gains 70 points, Nifty above 10000

However, since mid-day trading the indices erased the losses and surged in the last hour to finish on a high note ahead of inflation numbers, which are slated to come later in the day.

The Nifty opened above the 5 digit figure of 10,000 points, helped by stocks of International Olympic Committee and IndusInd which rose by more than 0.7% each in the morning trade.

Bharti Airtel, which was the the biggest gainer on Sensex yesterday, on news reports that the Bharti Group company Bharti Infratel is in talks to acquire $11 billion Indus Towers with a consortium led by KKR & Co, continued to extend gains, surging more than 3% on opening.

Domestic markets also took support from the other Asian markets, where shares hit decade highs.

What Radamel Falcao Really Said To Peru Midfielder Renato Tapia Revealed
New Zealand Football CEO Andy Martin says both sides want to ensure they get as much recovery and preparation time as possible. There was an absolutely freakish ending to the World Cup qualifying clash between Colombia and Peru last night.

In terms of the broader markets, the S&P BSE mid-cap index fell by 0.82 per cent, while the small-cap index closed lower by 1.08 per cent. Australian stocks jumped to one-and-a-half month highs while South Korea's KOSPI added 0.6 per cent to within a whisker of record peaks.

Japan's Nikkei rose 0.47 per cent while Hong Kong's Hang Seng moved up 0.17 per cent in early trade today. The September quarter earnings season is expected to be subdued due to the impact of the Goods and Services Tax (GST).

At 10.30 AM: Sensex was up by over 99 points or 0.31% at 31,933.23 while the wider Nifty was up by 33 points or 0.33% at 10,018.10.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,887.47 points, traded at 31,928.53 points - up 94.54 points, or 0.30 per cent, from its previous close.


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