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Sensex, Nifty flex muscles with hefty gains; ITC falls

Oct 31, 2014, 01.12 PM IST | Source: Moneycontrol.com

HDFC, Maruti, L&T, Tata Steel and Hindalco are top gainers in the Sensex. Among the losers are Bharti Airtel, HUL, ITC and ICICI Bank.

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Sensex, Nifty flex muscles with hefty gains; ITC falls

HDFC, Maruti, L&T, Tata Steel and Hindalco are top gainers in the Sensex. Among the losers are Bharti Airtel, HUL, ITC and ICICI Bank.

13:00

The News International Team
Live Market Commentary

Left over fire crackers of Diwali are still lighting up Dalal Street with some bumper gains. The Sensex is up 380.34 points or 1 percent at 27726.67 and the Nifty is up 110.75 points or 1.4 percent at 8279.95. About 1732 shares have advanced, 976 shares declined, and 105 shares are unchanged.

HDFC, Maruti, L&T, Tata Steel and Hindalco are top gainers in the Sensex. Among the losers are Bharti Airtel, HUL, ITC and ICICI Bank.

Japan’s Nikkei stock average surged to a seven-year high and the yen tumbled to its lowest since early 2008 against the dollar on Friday as the Bank of Japan caught markets flat-footed with its surprise monetary easing decision.

The Bank of Japan surprised global financial markets by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax hike in April. The jolt from the BOJ, which had been expected to maintain its level of asset purchases, came as the government signalled its readiness to ramp up spending to boost the economy and as the government pension fund, the world’s largest, was set to increase purchases of domestic and foreign stocks.

12:00

Sensex gains 390 pts; IDFC tops buy list, Nikkei surges 5%

Asian markets were strong (following strong US cues) with the Nikkei surging 4.8 percent after the Bank of Japan eased monetary policy. Japanese central bank will raise monetary base target to 80 trillion yen as against 50 trillion yen earlier. The yen slid to a 7-year low.

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11:00

Nifty races towards 8300, Sensex up 390 pts; HDFC, SBI gainRead More »

HDFC, Maruti, Hero MotoCorp, SBI and Infosys are top gainers while Bharti Airtel, SBI and ICICI Bank are major laggards in the Sensex.

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10:00

Record high: Sensex gains 300 pts, Nifty above 8250Read More »

The broader markets too gained momentum with the BSE Midcap and Smallcap indices adding 1 percent each. About three shares advanced for every share declining on the Bombay Stock Exchange.

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09:15

Record opening: Nifty hits 8200, Sensex strong; IT leadsRead More »

IT stocks are still leading the rally with Infosys, TCS and Wipro as major gainers in the Sensex. Among the losers are Bharti Airtel, HUL, ICICI Bank, Tata Motors and NTPC.

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