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Diwali bash for 4th day, Sensex soars 212 pts; Auto up 3%

Oct 22, 2014, 04.19 PM IST | Source: Moneycontrol.com

Auto stocks topped the buying list among sectoral indices, up 3 percent as Hero Motocorp rallied 4 percent.

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Diwali bash for 4th day, Sensex soars 212 pts; Auto up 3%

Auto stocks topped the buying list among sectoral indices, up 3 percent as Hero Motocorp rallied 4 percent.

16:42

The News International Team

Diwali bash for 4th day, Sensex soars 212 pts; Auto up 3%

Dalal Street celebrated Diwali on Wednesday as the Sensex added more than 200 points and the Nifty closed tad below the 8000-mark supported by auto, capital goods and healthcare stocks.

Experts believe this bumper Diwali celebration will continue in next Diwali as well, on hopes of more reforms and execution of these reforms from the Modi government going ahead.

According to Ramesh Damani, Member of BSE, the market is currently in a firm ‘bull grip’ and he is optimistic on the trend to continue for the next few Diwalis.

Samir Arora, Founder & Fund Manager of Helios Capital too thinks the rally is big and in for a longer duration while Sunil Garg of JPMorgan expects India to outperform all other emerging markets for the next 6-12 months.

Equity benchmarks gained for the fourth consecutive session with the 30-share BSE Sensex rising 211.58 points or 0.80 percent to close at 26787.23. The 50-share NSE Nifty hit an intraday high of 8005, before closing at 7995.90, up 68.15 points or 0.86 percent.

Auto stocks topped the buying list among sectoral indices, up 3 percent as Hero Motocorp rallied 4 percent.

About 1790 shares advanced while 1031 shares declined on the Bombay Stock Exchange.

14:00

Sensex up 212 pts, Nifty below 8000 ahead of Mahurat trade

Cipla, Hero MotoCorp, Bajaj Auto, Tata Motors and Maruti Suzuki are top gainers in the Sensex. Among the losers are ONGC, ITC, NTPC, ICICI Bank and Bhart Airtel.

Read More »

13:00

Nifty still below 8000; gold near 6-wk high on Diwali glowRead More »

Hero, Bajaj Auto, Tata Motors,, Maruti Suzuki and L&T are top gainers in the Sensex. Among the losers are ONGC, Hindalco, NTPC, Coal India and ICICI Bank.

Read More »

12:00

Market in Diwali mood, Sensex surges; Kotak Mah Bank up 5%Read More »

Kotak Mahindra Bank jumped nearly 5 percent on strong profitability and stable asset quality performance in Q2. Private sector lender’s second quarter standalone profit after tax rose 26 percent year-on-year to Rs 444.5 crore led by strong other income and lower provisions.

Read More »

11:13

Sensex, Nifty gain ahead of Diwali; SBI, ITC laggardsRead More »

Hero, Tata Motors, Bajaj Auto, BHEL and Cipla are top gainers while ONGC, Coal India, Tata Power, SBI and ITC are laggards.

Read More »

10:00

Sensex, Nifty celebrate Diwali; Hero, Tata Motors gainersRead More »

Hero Motocorp topped the buying list, up over 3 percent as the two-wheeler maker expects to clock close to 1.5 lakh in retail sales on October 21. “Dhanteras sales of 1.5 lakh will be 40-50 percent growth (YoY),” it said.

Read More »

09:15

Diwali dhamaka: Sensex zooms over 200 pts, Nifty nears 8000Read More »

The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day’s closing value of 61.31 per dollar on hopes of strong trade in equity market.

Read More »

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