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Sensex gains over 200 points; Nifty firm above 9950

06 October 2017

BSE Midcap index added 148 points or 0.95 per cent to end at 15,840.15 with shares of SAIL (up 4.34 per cent), Crompton Greaves Consumer (up 3.85 per cent), Endurance (up 3.60 per cent), Chola Finance (up 3.55 per cent) and Federal Bank (up 3.37 per cent) adding to the gains.

On Wednesday, the benchmark indices closed on a higher note as positive global cues, coupled with healthy buying in healthcare, oil and gas and FMCG stocks, buoyed investors' sentiments.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent, poised for a 1.6 percent gain on the week.

On the NSE, 1,175 stocks advanced, 528 declined and 76 stocks remained unchanged.

Positive global cues with most other Asian markets ending higher, tracking another record close on Wall Street following more buoyant USA data and hopes for tax reform, fuelled the rally.

In the primary market, MAS Financial IPO kickstarted its bidding process with a 68 per cent subscription on the first day itself.

The GST Council, which is holding its 22nd meeting in Delhi on Friday may see a reduction in rates for 60 goods and services, the media reported.

On the currency front, the rupee weakened by 23-24 paise to close at 65.38 against the USA dollar from its previous close at 65.14-15.

Top five Sensex gainers were ONGC (+1.73%), Tata Steel (+1.33%), Adani Ports (+1.27%), NTPC (+1.2%) and Sun Pharma (+0.78%), while the only two losers were Tata Motors (-0.77%) and TCS (-0.01%). Stocks of Prataap Snacks lost 2.34% to Rs 1,150.70 during early morning trade on BSE, with the stock sliding on profit booking after registering impressive listing gains on the bourses yesterday, 5 October 2017. Find us on Facebook too!

Sensex gains over 200 points; Nifty firm above 9950