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Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

All that happened in Tuesday's session

SI Reporter  |  New Delhi 

The markets extended gains for the third straight session on Tuesday with the Nifty50 ending above 9,850 as automakers such as Tata Motors surged after posting strong monthly sales, while Dr Reddy’s Laboratories jumped on the launch of a drug in its key US market. Investors also keenly await the Reserve Bank of India’s policy meeting on Wednesday, with the central bank expected to keep rates on hold despite a sharp slowdown in economic growth after inflation surged to a five-month high. Overseas, world shares hit their latest in a run of record highs on ...

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Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Anand James, Chief Market Strategist, Geojit Financial Services     Lacklustre show from the PSU banks forced the investors to be on the back foot ahead of the RBI policy meet, but positive auto sales numbers kept markets afloat. Few expect a rate cut given rising inflation expectations, which has increased the surprise potential of tomorrow’s call. Nevertheless, upcoming earnings season should mean that stock specific moves should take dominance over broad market sentiments.

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Sectoral trend Source: NSE

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Sensex heatmap at close Source: BSE

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Broader markets   The BSE Midcap and the BSE Smallcap indices mirrored the gains in the frontline indices, gaining 0.7% and 0.5%, respectively. 

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Markets at close The S&P BSE Sensex ended at 31,497, up 214 points, while the broader Nifty50 closed at 9,859, up 71 points. 

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Buzzing stock   PNC Infratech rose 5% to Rs 142.80 on BSE after the company said it won a road contract worth Rs 2159 crore.

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

GAIL, Adani Transmission, Avanti Feeds, Graphite India hit new highs   Adani Transmission, Avanti Feeds, GAIL (India), Graphite India, Bajaj Auto and Bombay Burmah Trading Corporation are among the 14 stocks from the S&P BSE500 and S&P BSE Smallcap index that hit their respective record highs on BSE in intra-day trade on Tuesday. READ MORE

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

European markets   European shares hovered around three-month highs on Tuesday as a sell-off in Spanish stocks eased and financials gained following another record-breaking session on Wall Street.   The pan-European STOXX 600 index was flat, while Spain's blue chip index added 0.1 percent as Madrid and Catalonia appeared to carefully weigh their next steps following Sunday's independence referendum, which the central government has declared illegal.

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Broader markets   The BSE Midcap and the BSE Smallcap indices mirrored the gains in the frontline indices, gaining 0.7% and 0.6%, respectively. 

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Markets check   At 3:05 pm, the S&P BSE Sensex was ruling at 31,514, up 231 points, while the broader Nifty50 was trading at 9,862, up 74 points. 

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Nifty PSU Bank sole sectoral loser ahead of RBI policy outcome  Source: NSE

First Published: Tue, October 03 2017. 15:37 IST
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Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

All that happened in Tuesday's session

The markets extended gains for the third straight session on Tuesday with the Nifty50 ending above 9,850 as automakers such as Tata Motors surged after posting strong monthly sales, while Dr Reddy’s Laboratories jumped on the launch of a drug in its key US market. Investors also keenly await the Reserve Bank of India’s policy meeting on Wednesday, with the central bank expected to keep rates on hold despite a sharp slowdown in economic growth after inflation surged to a five-month high. Overseas, world shares hit their latest in a run of record highs on ...

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