Markets close on a high as Sensex gains 200 points

Nifty hits all-time high of 10191, Sensex gains 300 points as inflation holds

"BSE Sensex rose 192.38 points, or 0.59 per cent, to 32,625.07, while the Nifty 50 gained 64.35 points, or 0.63 per cent, to 1", 231.80", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

Key Indian equity indices-BSE Sensex and NSE Nifty started off the Diwali week at fresh record high on Monday.

The Sensex of the BSE, which opened at 32,488.23 points, was trading at 32,666.74 points (at 9.42 a.m.), higher 234.05 points or 0.72 per cent from Friday's close at 32,432.69 points.

The 30-share barometer pushed higher by 211.04 points, or 0.66 per cent, to 32,393.26.

Both the indices rose last week, with the Sensex adding 618.47 points, or 1.94 percent - the biggest such weekly jump since July 14 when it read 660.12 points, or 2.10 percent - and the NSE Nifty soared 187.75 points, or 1.88 percent.




According to official data released on Thursday, the IIP for August showed that factory output grew 4.3 per cent against the same month past year, and September's CPI inflation remained static at 3.28 per cent as compared to August. Australian shares extended their winning streak to a fourth straight session to rise 0.6 percent, while the Shanghai Composite Index edged 0.1 percent higher.

Investors also cheered official data, which showed that India's annual wholesale price inflation unexpectedly eased to 2.60 percent in September after accelerating in the previous two months.

Shares of Bajaj Finance, Bajaj Finserv, Binani Industries, Colgate, DCB Bank, Delta Corp, DHFL, Federal Bank, Hatsun Agro, JM Financial, Kansai Nerolac, Oberoi Realty, Persistent Systems, Sasken Tech, Sterlite Tech, Texmaco Rail, Texmaco Infra, and Zee Learn will be in focus ahead of the second quarter results.

Top five Sensex gainers were Bharti Airtel (+7.89%), Tata Steel (+2.86%), Kotak Bank (+2.2%), Coal India (+2.00%) and HDFC Bank (+1.89%), while the major losers were Dr Reddy's (-1.09%), M&M (-0.95%), Sun Pharma (-0.87%), ITC (-0.43%) and Maruti (-0.41%).

In Asia, Japan's Nikkei rallied for a sixth day to a level not seen since November 1996.

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