The BSE benchmark Sensex regained the psychological 21,000 level after a gap of nearly three years by surging 262 points in the morning trade today on heavy capital inflows in fundamentally strong sectors such as realty, banking and auto.
At 11.03 a.m., the 30-share BSE index Sensex was up 213.83 points (1.03 per cent) at 20,981.71 and the 50-share NSE index Nifty was up 59.15 points (0.96 per cent) at 6,237.50.
Barring IT, all other BSE sectoral indices were trading in the green. Among them, Consumer Durables index was up 2.2 per cent, followed by Bankex 1.65 per cent, Realty 1.63 per cent and Auto 1.35 per cent.
Top five Sensex gainers were Bharti Airtel, HDFC Bank, M&M, Tata Motors and ICICI Bank, while Coal India, Wipro, TCS, Cipla and Dr Reddy's were the top five losers.
The Nifty and the Sensex opened flat on Thursday. The Nifty opened at 6,163, down 15 points, while the Sensex opened at 20,766, down two points.
The HSBC Markit flash Purchasing Managers Index (PMI) for China showed a reading of 50.9 for October above the market expectation of 50.4 with the September number at 50.2.
The survey said that new orders were at a seven-month high. A PMI number above 50 indicates expansion in economic activity in a sector while a score below 50 signals otherwise.
An SMC Global report said: “Asian stocks pared losses, while commodity currencies rallied with oil and metals as China’s manufacturing beat estimates, signalling the recovery may be accelerating in the world’s second-largest economy. US stocks declined on Wednesday, as weakness in global stocks and mixed earnings from a pair of industrial companies prompted a pause in their recent rally.”
Japan's Nikkei fell 92.1 points or 0.64 per cent to 14,334, Hong Kong's Hang Seng plunged 204.27 points or 0.89 per cent to 22,795.70 and Australia's S&P/ASX 200 was up 22.30 points or 0.42 per cent at 5,378.40,
At 11.03 a.m., the 30-share BSE index Sensex was up 213.83 points (1.03 per cent) at 20,981.71 and the 50-share NSE index Nifty was up 59.15 points (0.96 per cent) at 6,237.50.
Barring IT, all other BSE sectoral indices were trading in the green. Among them, Consumer Durables index was up 2.2 per cent, followed by Bankex 1.65 per cent, Realty 1.63 per cent and Auto 1.35 per cent.
Top five Sensex gainers were Bharti Airtel, HDFC Bank, M&M, Tata Motors and ICICI Bank, while Coal India, Wipro, TCS, Cipla and Dr Reddy's were the top five losers.
The Nifty and the Sensex opened flat on Thursday. The Nifty opened at 6,163, down 15 points, while the Sensex opened at 20,766, down two points.
The HSBC Markit flash Purchasing Managers Index (PMI) for China showed a reading of 50.9 for October above the market expectation of 50.4 with the September number at 50.2.
The survey said that new orders were at a seven-month high. A PMI number above 50 indicates expansion in economic activity in a sector while a score below 50 signals otherwise.
An SMC Global report said: “Asian stocks pared losses, while commodity currencies rallied with oil and metals as China’s manufacturing beat estimates, signalling the recovery may be accelerating in the world’s second-largest economy. US stocks declined on Wednesday, as weakness in global stocks and mixed earnings from a pair of industrial companies prompted a pause in their recent rally.”
Japan's Nikkei fell 92.1 points or 0.64 per cent to 14,334, Hong Kong's Hang Seng plunged 204.27 points or 0.89 per cent to 22,795.70 and Australia's S&P/ASX 200 was up 22.30 points or 0.42 per cent at 5,378.40,
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