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Sensex opens 200 points higher, Nifty crosses 17,850 ahead of RBI monetary policy review

Sensex opens 200 points higher, Nifty crosses 17,850 ahead of RBI monetary policy review

Sensex gained 229 points to 59,907, rising for the second consecutive session. Nifty rose 71 points to 17,861 against previous close of 17,790

 Tata Steel was the top Sensex gainer, rising 3.30% per cent, followed by M&M, L&T, Bajaj Auto and PowerGrid. Tata Steel was the top Sensex gainer, rising 3.30% per cent, followed by M&M, L&T, Bajaj Auto and PowerGrid.

Indian benchmark indices opened higher today, amid positive global cues. Sensex gained 229 points to 59,907, rising for the second consecutive session. Nifty rose 71 points to 17,861 against previous close of 17,790.

The market capitalisation of BSE-listed firms reached a high of Rs 266.45 lakh crore.

Tata Steel was the top Sensex gainer, rising 3.30% per cent, followed by M&M, L&T, Bajaj Auto and PowerGrid.

HCL Tech, HDFC, and HUL were the top Sensex losers, falling up to 0.51%. Of 30 Sensex stocks, 25 were trading higher.

Mohit Nigam, Head - PMS, Hem Securities said, "Tata Consultancy Services will also announce its Q2FY22 results today and we are quite optimistic that this result season is going to be good. On technical front, 17,920 level is a good resistance at the moment but any move above 17,920 can push Nifty to the level of 18,100. On the downside, 17,620 is a strong support for Nifty today." Foreign institutional investors (FIIs) sold shares worth Rs 1,764 crore on October 7, and domestic institutional investors (DIIs) bought shares worth Rs 2,528 crore, as per provisional data available on NSE.

Indian equity market resumed its rally on Thursday after a day's pause, in line with global markets.  

Sensex rallied 488.10 points or 0.82 per cent to end at 59,677.83 and Nifty zoomed 144.35 points or 0.82 per cent to 17,790.35.

Titan was the top Sensex gainer, zooming 10.69 per cent, after the firm reported strong demand recovery in the July-September quarter. Other Sensex gainers were M&M, Maruti, IndusInd Bank, Sun Pharma, Asian Paints, HCL, TCS, Tech Mahindra and ICICI Bank, rising up to 5.32 per cent.

Global markets

In Hong Kong, the Hang Seng index zoomed 46 points to 24,748. Australia's S&P/ASX 200 gained 58 points to 7,315. Nikkei rallied 597 points to 27,990. On Wall Street, the S&P 500 rose 36 points to 4,399, the Nasdaq gained 152 points to 14,654 and the Dow zoomed 337 points to 34,754.