MUMBAI: The 30-share Bombay Stock Exchangebenchmark Sensex surged higher on Dhanteras taking cues from positive global cues. All the sectoral indices were in the green with technology, auto and metal stocks leading the rally.
"While we are into the Diwali week, parts of India are witnessing power outages as generation companies run out of fuel. This has only added to the somewhat bleak scenario confronting the Indian economy.
Thankfully, the start is bright on a day that is celebrated as Dhanteras. Asian markets are up amid optimism over a plan to tame the eurozone debt crisis. Encouraging trade data has lifted Japanese shares but Chinese stocks are subdued.
US and European equities rallied on Friday amid hope of a decisive plan at the EU summit. European leaders are said to be making progress towards a wide-ranging plan to deal with the eurozone credit crisis. An announcement is likely on Wednesday.
For Indian markets, the focus will be on Tuesday's RBI review. A sticky inflation, a sliding rupee, poor Central finances and talk of another round of easing overseas will make it tough for the RBI not to lift rates. F&O expiry and earnings could result in extra volatility tomorrow," said IIFL report.
At 10:15 am; the Sensex was at 17075.80, up 290.15 points or 1.73 per cent. The 30-share index touched intraday low of 17006.28 and high of 17104.88.
The National Stock Exchange's Nifty was at 5138.30, up 88.35 points or 1.75 per cent. The broader index touched a high of 5144.75 and low of 5111.35 in trade so far.
BSE Midcap Index was up 0.87 per cent and BSE Smallcap Index gained 0.92 per cent.
Amongst the sectoral indices, BSE IT Index surged 2.42 per cent, BSE Auto Index gained 2.26 per cent and BSE Realty Index was up 1.98 per cent.
Tata Motors (4.52%), TCS (3.96%), Sterlite Industries(3.34%), Bajaj Auto (2.98%) and ONGC (2.88%) were amongst the major Sensex gainers.
Larsen & Toubro (-0.90%) was the only index loser.
Market breadth was positive on the BSE with 1232 gainers against 480 losers.
Meanwhile, the Asian indices gained momentum on hopes of some constructive plans to counter eurozone crisis. Hang Seng was up 3.92 per cent, Nikkei 225 gained 1.69 per cent and Kospi advanced 2.81 per cent
"While we are into the Diwali week, parts of India are witnessing power outages as generation companies run out of fuel. This has only added to the somewhat bleak scenario confronting the Indian economy.
Thankfully, the start is bright on a day that is celebrated as Dhanteras. Asian markets are up amid optimism over a plan to tame the eurozone debt crisis. Encouraging trade data has lifted Japanese shares but Chinese stocks are subdued.
US and European equities rallied on Friday amid hope of a decisive plan at the EU summit. European leaders are said to be making progress towards a wide-ranging plan to deal with the eurozone credit crisis. An announcement is likely on Wednesday.
For Indian markets, the focus will be on Tuesday's RBI review. A sticky inflation, a sliding rupee, poor Central finances and talk of another round of easing overseas will make it tough for the RBI not to lift rates. F&O expiry and earnings could result in extra volatility tomorrow," said IIFL report.
At 10:15 am; the Sensex was at 17075.80, up 290.15 points or 1.73 per cent. The 30-share index touched intraday low of 17006.28 and high of 17104.88.
The National Stock Exchange's Nifty was at 5138.30, up 88.35 points or 1.75 per cent. The broader index touched a high of 5144.75 and low of 5111.35 in trade so far.
BSE Midcap Index was up 0.87 per cent and BSE Smallcap Index gained 0.92 per cent.
Amongst the sectoral indices, BSE IT Index surged 2.42 per cent, BSE Auto Index gained 2.26 per cent and BSE Realty Index was up 1.98 per cent.
Tata Motors (4.52%), TCS (3.96%), Sterlite Industries(3.34%), Bajaj Auto (2.98%) and ONGC (2.88%) were amongst the major Sensex gainers.
Larsen & Toubro (-0.90%) was the only index loser.
Market breadth was positive on the BSE with 1232 gainers against 480 losers.
Meanwhile, the Asian indices gained momentum on hopes of some constructive plans to counter eurozone crisis. Hang Seng was up 3.92 per cent, Nikkei 225 gained 1.69 per cent and Kospi advanced 2.81 per cent
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