Friday, 11 October 2013

sensex surges, Tata Motors hits life high, ICICI Bank up 5%

The market continued its rally in afternoon boosted by Infosys September quarter results and buying in banks, realty and autos. The Sensex is up 222.77 points or 1.10 percent at 20495.68, and the Nifty up 63.75 points or 1.06 percent at 6084.70. About 1240 shares have advanced, 995 shares declined, and 151 shares are unchanged. ICICI Bank , Infosys, L&T, Tata Motors and Maruti Suzuki are top gainers in the Sensex. Among the top losers are Tata Power , Coal India , Sesa Sterlite and Sun Pharma .

Tata Motors is up 3 percent as JLR sales have been surprising continuously. In September, the company saw a global retail volumes of 43,000 units, up a strong 17 percent year-on-year. On the global front, European markets opened higher following rally in US and Asian markets on hopes of likely deal to open US government and avoid debt default.


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