Market rally continues, Sensex above 32,000

The stock market got on to the

front foot today as the benchmark Sensex reclaimed the 32,000

-mark by jumping over 104 points after domestic investors

pressed on with buying amid strong global cues.

Retail investors and domestic financial institutions

built up positions ahead of release of data sets of IIP for

August and inflation for September, to be released tomorrow.

An appreciating rupee created positive vibes.

Extending its rally, the 30-share Sensex was up 104.02

points, or 0.32 per cent, at 32,028.43. Realty, oil and gas

and power stocks rose up to 1.06 per cent.

The gauge had gained 332.38 points in the previous three

sessions.

Also, the NSE Nifty traded at 10,057.45, higher by 40.50

points or 0.40 per cent.

Positive leads from other Asian bourses and investors

tracking another record on Wall Street supported the upmove,

traders said.

In the Sensex kitty, Bharti Airtel emerged as the top

gainer, surging by 4.32 per cent to Rs 400.65. Reliance

Industries too rose 1.54 per cent to Rs 856.35 ahead of its

second quarter earnings later this week.

Other gainers were Axis Bank, M&M, NTPC and Bajaj Auto.

Japan's Nikkei was up 0.22 per cent and Shanghai

Composite rose 0.23 per cent in their early trading. Hong

Kong's Hang Seng too edged up by 0.46 per cent.

US Dow Jones Industrial Average had surged 0.31 per cent

to close at a fresh record high yesterday.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)