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Sensex, Nifty rebounds 2% on value buying and stable rupee

IANS  |  Mumbai 

The key equity indices gained over two per cent during the mid-afternoon session of the trade on Friday rebounding from the losses made after wide-sell off in the global markets which plunged the domestic markets by two per cent on Thursday.

Except for IT and (technology, media and entertainment) all the sectors were in the green, led by and counters. Auto and realty sectors also recovered, gaining over three per cent.

The domestic currency traded below the 74-a-dollar mark. At 12.21 p.m., the rupee stood around 73.79. It closed at 74.12 to a greenback on Thursday.

At 12.51 p.m., the broader Nifty50 of was trading at 10,460.55, up 225.90 points or 2.21 per cent from its Thursday's close.

The BSE Sensex, which had opened at 34,291.92, was trading at 34,742.29, up 741.14 points or 2.18 per cent.

So far, the Sensex has touched an intra-day high of 34,745.88 points and a low of 34,279.78.

The top gainers at Sensex were dominated by auto stocks: Mahindra and Mahindra, up 5.54 per cent at Rs 770.65; up 5.06 per cent at Rs 7,226.45; Bajaj-Auto up 4.52 per cent at Rs 2,638.25 from its previous close.

Major losers included TCS, down 3.22 per cent at Rs 1,916 ; Tata Motors(DVR) down 0.44 per cent at Rs 101.25; down 0.03 per cent at Rs 312.95 per share.

--IANS

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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. 13:02 IST
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