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Sensex starts off high, Nifty regains 10k mark

Press Trust of India  |  Mumbai 

The market made a strong start today as the benchmark surged 111 points, mainly driven by domestic investors and aided by positive Asian

Moreover, the broader reclaimed the key 10,000 level.

Extending its rally, the 30-share index advanced 110.72 points, or 0.34 per cent, to 31,957.61. Sectoral indices such as capital goods, metal, IT and healthcare moved in the positive zone, rising by up to 0.83 per cent.

The gauge had gained 254.86 points in the previous two sessions.

The 50-share gained 30.55 points, or 0.30 per cent, at 10,019.30.

Uninterrupted buying by domestic financial institutions and widening of exposure by retail investors ahead of second quarter earnings season amid a firming trend in the Asian region steered the show, according to traders.

Stock of India's second-largest IT firm went up by 1.23 per cent to Rs 935 after the company said it has fixed November 1, 2017, as the record date for its up to Rs 13,000- crore share buyback programme.

Other big movers include Lupin, Coal India, Cipla, M&M, Dr Reddy's, Sun Pharma and Reliance Industries, rising by up to 2.57 per cent.

Hong Kong's Hang Seng was up 0.04 per cent and Japan's Nikkei rose by 0.38 per cent in early deals. China's Shanghai Composite, however, dropped 0.15 per cent.

US Dow Jones Industrial Average ended 0.06 per cent down yesterday.

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

First Published: Tue, October 10 2017. 10:07 IST