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Most sectoral indices on BSE gain

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The BSE Auto index, the BSE Metal and the BSE Realty were the major gainers among the sectoral indices.

Key benchmark indices were trading on a firm note backed by recovery in global stocks. The barometer index, the S&P was up 715.42 points or 2.1% at 34,716.57.

Among the sectoral indices on BSE, the (up 4.11%), the (up 4.03%), the S&P BSE Realty (up 3.73%), the S&P index (up 3.08%), the index (up 2.75%), the index (up 2.69%), the index (up 2.46%), the index (up 2.37%), the index (up 1.41%), the index (up 0.72%) edged higher. The index (down 0.45%) and the index (down 0.74%) edged lower.

Overseas, European stocks bounced back, with global sentiment turning more positive after two sessions of sharp losses. In Europe, and the UK remain in the spotlight in terms of political news. While excessive spending concerns continue to weigh on Italy's government, the pressure to strike a withdrawal is a big challenge for Britain.

stocks rose on Friday, holding steady after a nine-day losing streak, but sentiment was frail after Wall Street shares crumbled and expectations of market volatility shot up to an eight-month high. Worries about the economic impact of a Sino-US trade war, a spike in US bond yields this week and caution ahead of earnings seasons are all cited as potential reasons behind the selloff, the biggest market rout since February.

US stocks extended losses to finish lower Thursday, as investors continued to fret over rising bond yields and the prospect of higher interest rates.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 15:16 IST