Sensex ends 201 points higher; Nifty settles at 10231-level

Sensex ends 201 points higher; Nifty settles at 10231-level

Sensex ends 201 points higher; Nifty settles at 10231-level

During the day, the Sensex touched a record high of 32,687.32 points and gained as much as 0.8% or 251 points, while 50-stock Nifty index touched its lifetime high of 10,242.95, up 0.8% or 80 points.

Mumbai: The BSE Sensex rose by 200.95 points to close at an all-time high of 32,633.64 as investor optimism climbed following encouraging comments from the International Monetary Fund chief.

Almost 130 stocks rose to a fresh 52-week high on the BSE, in the opening trade of the Diwali week. Among sectoral indices, BSE Bankex was gained the most - up 1.3 percent intraday.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Market saw a fresh high due to good start to Q2 (second quarter) results".

Industrial output hit a nine-month high of 4.3 per cent in August and CPI inflation held steady at 3.28 per cent in September, instead of accelerating as expected, raising tentative hopes the central bank would be less hawkish about interest rates.

Major Sensex losers were: Dr. Reddy's Lab, down 1.18 per cent at Rs 2,351.90; Mahindra and Mahindra, down 0.95 per cent at Rs 1,326.40; Sun Pharma, down 0.87 per cent at Rs 534.70; ITC, down 0.43 per cent at Rs 265.85; and Maruti Suzuki, down 0.41 per cent at Rs 7,872.20. It rose 1.94 per cent for the week, its biggest such gain since the week ended July 14.

Hong Kong's Hang Seng was trading higher by 0.94 per cent, while Shanghai Composite rose 0.14 per cent in late morning trade.

European STOXX 600 benchmark ended flat and closed 0.1 per cent up as Spanish stocks lagged, Reuters reported.

TTML (Tata Teleservice) is still maintaining its lead of a 9.88% gain, while Idea (up by 2.60%), and Bharti Airtel (1.34%) were among the top telco scrips. Reliance Industries climbed 0.48 per cent to end at a record high of Rs 876.70 on expectations of strong earnings from the conglomerate's core petrochemical business.

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