Sensex surges by 425 pts

Sensex surges by 425 pts

Agency News

Mumbai, Oct 10: The benchmark index of Bombay Stock Exchange (BSE) on Wednesday bounced back by 425 points to 34,725.42 in opening trade on gains in auto, metals and banking stocks amid unabated buying by domestic institutional investors.

The Nifty too shot up by 137 points to 10,439. The sectoral indices that pushed the market up were capital goods, auto, oil and gas, metal and healthcare.

The BSE sensex registered intraday high and low at 34,731.37 and 34,346.50 respectively. The Nifty recorded intraday high and low at 10,445.20 and 10,318.25 respectively.
The rupee was trading higher by 23 paise at 74.16 against the American currency in early deals. Besides, RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, they added.

The gainers were Maruti Suzuki by 4.26 pc to Rs 6976.95, VEDL by 3.56 pc to Rs 219.45, Bajaj Auto by 3.12 pc to Rs 2622.85, Tata Motors DVR by 3.06 pc to Rs 104.30 and Axis Bank by 2.98 pc to Rs 569.20.

The losers were Infosys by 1.20 pc to Rs 708.75, Hind Unilever by 0.87 pc to Rs 1501.55 and M & M by 0.84 pc to Rs 757.50. UNI