Sensex rallies over 100 points; Airtel, Axis Bank's stock gain

Sensex gains 106 points on firm Asian cues

Sensex gains 106 points on firm Asian cues

BSE Sensex was up by over 83 points or 0.26% at 31,917.72 while the wider Nifty was up by over 31 points or 0.31% at 10,015.95.

A total of 62 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE. The NSE Nifty is up 42.65 points (0.43%) at 10059.50.

The BSE Midcap and Smallcap indices rose 1 percent each on positive market breadth. Good demand on consumer stocks on arrival of festival season and ecstasy on pharma stocks amid positive regulatory approvals fuelled the market.

The Sensex and Nifty opened the session marginally higher amid firm Asian cues.

Foreign portfolio investors (FPIs) kept on offloading shares worth net Rs 107.95 crore yesterday, showed provisional data from exchanges.

Sector-wise, the S&P BSE banking index declined by 264.31 points, followed by metal index by 202.63 points and automobile index by 158.88 points.

Major gainers in the 30-share index were Reliance Industries (3.82%), Sun Pharmaceutical Industries (2.59%), Tata Consultancy Services (1.92%), Axis Bank (1.77%), Hindustan Unilever (1.71%), and Adani Ports and Special Economic Zone (1.52%).

Private lender IndusInd Bank ended 1.47 per cent higher at Rs 1,742.60 after the company today posted 215 per cent increase in net profit for the September quarter.

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