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Sensex gains 348 pts, Nifty ends at 10,096; RIL up 4% ahead of Q2 earnings

All that happened in Thursday's trade

SI Reporter  |  New Delhi 

Stock markets
In a choppy trade, the benchmark indices extended gains in last leg of trade after index heavyweight Reliance Industries (RIL) hit its record high ahead of its September quarter earnings due on Friday post market hours. A strong rally in Hindalco, Bharti Infratel, Sun Pharma and Tata Consultancy Services also contributed to the gains.   

TCS is scheduled to report its Q2 numbers later in the day. The stock settled at Rs 2,547, up nearly 2% on the BSE.  

Meanwhile, investors also await macroeconomic data such as consumer price index (CPI)-based inflation for September and Index of Industrial Production (IIP) for August due later in the day. Consumer inflation is forecast to have risen to 3.6% in September, above August’s 3.36%, according to a Reuters poll.

Overseas, European shares traded sideways in early deals despite new highs in Asia and on Wall Street, with financial shares being the biggest burden.

Anand James, Chief Market Strategist, Geojit Financial Services   Market edged higher, ahead of IIP and inflation data to be released later today, while GST rate reduction positivity lent some support, and metal and realty stocks saw momentum. An improved forecast for industrial production may be an indication that the GST-related woes have started to subside, but the investors will be focusing largely on stock-specific moves on account of corporate earnings season. Sectoral trend Source: NSE Sensex heatmap at close Source: BSE Market breadth The broad market depicted strength. There were two gainers against every loser on BSE. 1,696 shares rose and 971 shares fell. A total of 131 shares were unchanged. Broader markets Broader markets mirrored tha gains in the frontline indices with the BSE Midcap and the BSE Smallcap indices gaining 1% each.  Markets at close  The S&P BSE Sensex ended at 32,182, up 348 points, while the broader Nifty50 settled at 10,096, up 111 points.


First Published: Thu, October 12 2017. 15:37 IST
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Sensex gains 348 pts, Nifty ends at 10,096; RIL up 4% ahead of Q2 earnings

All that happened in Thursday's trade

All that happened in Thursday's trade

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Business Standard
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Sensex gains 348 pts, Nifty ends at 10,096; RIL up 4% ahead of Q2 earnings

All that happened in Thursday's trade


image
Business Standard
177 22