Sensex, Nifty gain over 1%; auto, durables stocks surge

Sensex soars 301 points reclaims 33,000-mark

Sensex, Nifty gain over 1%; auto, durables stocks surge

Mumbai: The benchmark BSE Sensex regained the 33,000-mark by recovering almost 176 points in opening trade today on value-buying by domestic investors in recently battered stocks.

The Sensex was up by 352.03 points or 1.08 per cent at Thursday's closing.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed gaining over 300 points, while the wider Nifty50 of the National Stock Exchange (NSE) closed firmly above the 10,100 level.

Georges St-Pierre On Defending His Middleweight Belt: 'I Don't Think So'
As a result of the situation, St-Pierre becomes the first fighter in UFC history to vacate championship belts on two occasions. On Thursday, that plan changed when St-Pierre told the UFC he was giving up the title effective immediately.

On Friday, the benchmark indices were dragged lower by growing concerns over the country's widening fiscal deficit, coupled with negative global cues and profit booking in auto, metal and oil and gas stocks.

Brokers said unabated buying by retail and domestic institutional investors and a firm trend in other Asian markets influenced sentiment here.

In the global markets, Asian shares hovered near two-month lows on Thursday as softer oil and copper prices and uncertainty over U.S. policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

India admitted into global export control regime Wassenaar Arrangement
The WA membership is also expected to build up a strong case for India's entry into the 48-member Nuclear Suppliers Group (NSG ). The guidelines of the organization prohibit its members to enter into nuke ties with the countries that did not sign the NPT.

The NSE Nifty too rose 60.65 points, or 0.59 percent, at 10,227.35 in early trade on Friday.

Major gainers were Hindustan Unilever 1.37%, HDFC 1.25% and Tata Motors 1.06%. China's Shanghai Composite Index was quoting in green, up by 0.15 per cent. Japan's Nikkei led the way again with an early gain of 0.9 percent, adding to Thursday's 1.45 percent bounce.

USA stocks closed higher yesterday, with the S&P 500 snapping a four-session losing streak on the back of gains in technology, industrials and materials sectors.

World War Z Video Game Announced
It's now set for the PlayStation 4, PC and Xbox One , and is being developed by Saber Interactive ( NBA Playgrounds, Quake Champions ).

Latest News