INTERNATIONAL MARKET UPDATE

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Opening Bell (16 Oct 2018)

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Bulls rule D-Street as Sensex ends 732 pts higher, Nifty closes at 10,472; auto, banks gain big

What a day! Bulls took the mantle back from bears on Friday, almost erasing all of Thursday’s losses. The Sensex ended over 700 points higher, while the Nifty ended above 10,450-mark. 

Barring tech stocks, there was buying across all sectors. Banks, automobiles, energy and metal names were the big gainers. The Nifty Midcap index is up around 3 percent. 

Indian market rallied despite a weakness in the US markets, where the Dow closed over 500 points lower. 

At the close of market hours, the Sensex ended up 732.43 points or 2.15% at 34733.58, while the Nifty closed higher by 237.80 points or 2.32% at 10472.50. The market breadth was positive as 2,024 shares advanced, against a decline of 630 shares, while 801 shares were unchanged.

Maruti Suzuki, Mahindra & Mahindra, and Eicher Motors are the top gainers. TCS and HCL Technologies were the big losers. 

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Source: https://www.moneycontrol.com/news/business/markets/closing-bell-bse-nse-stock-market-live-updates-bulls-rule-d-street-as-sensex-ends-732-pts-higher-nifty-closes-at-10472-auto-banks-gain-big-3037661.html 

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Sensex extends gains to almost 700 points, Nifty races past 10,400; auto, banks gain big

The Sensex is higher by 572.46 points or 1.68% at 34573.61, and the Nifty up 174.60 points or 1.71% at 10409.30. The market breadth is positive as 1,640 shares advanced, against a decline of 272 shares, while 1,519 shares were unchanged.

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