Published: Wed, October 25, 2017
Medical | By Alyssa Little

Markets keep rising steadily, Sensex closes 100 points up

Markets keep rising steadily, Sensex closes 100 points up

The wider Nifty 50 of the National Stock Exchange (NSE) gained 22.85 points or 0.22 per cent at 10,207.70 points. On Monday, Sensex ended its 3-day losing run to close higher by almost 117 points after a volatile trade on the back of gains in telecom, energy, oil & gas, banking and auto stocks.

The Sensex touched a high of 32,670.37 points and a low of 32,534.21 points during the intra-day trade so far.

Asian Paints, one of the largest paint companies in India, surged over 4 per cent after it reported better-than-expected financial results in Q2FY18.

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The 30-scrip Sensitive Index (Sensex) edged higher by 101 points or 0.31 per cent.

Sensex and Nifty closed higher on Tuesday in a volatile with the key Q2 results lined up today.

"Volatility continued to plague market momentum as mixed global cues and the expiry of October derivatives contracts impacted investor sentiment", said Karthikraj Lakshmanan, senior fund manager-equities, BNP Paribas Mutual Fund. While selling was seen in IT, healthcare and consumer durables sector counters.

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Indian stocks started Tuesday's session on a positive note, with BSE benchmark index Sensex gaining more than 150 points and the Nifty rising above 10,200.

Indiabulls Housing Finance Ltd's shares rose as much as 2.1 per cent after its second-quarter profit jumped almost 26 pct and at least two brokerages raised their target price. ICICI Bank and Kotak Bank too rose up to 1.70%, helping the indices to extend gains for a second day. However, the country's second largest software exporter Infosys lost 1.37% ahead of its quarterly earnings announced after the trading hours.

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