Sensex extends gains, October F&O series starts

Markets opened strong today as the

Sensex jumped over 170 points and the Nifty recaptured the

9,800 mark on continued buying support from domestic

institutional investors.

The October derivatives series got off the ground on a

solid footing.

The 30-share index, which had rallied 122.67 points in the

previous sessions, was higher by 170.29 points, or 0.54 per

cent, at 31,452.77. All sectoral indices including realty,

metal and oil and gas made gains, rising up to 2.71 per cent.

The NSE Nifty advanced by 58.40 points, or 0.59 per cent,

to 9,827.35.

Meanwhile, the rupee advanced 20 paise to 65.30 against

the dollar in early session today, broadly in line with the

domestic stocks taking on more muscle.

Domestic institutional investors bought shares worth a net

Rs 5,196.60 crore yesterday, as per provisional data.

Investors were seen creating new positions following the

beginning of the October futures and options (F&O) series that

lifted the key indices.

There were fresh records on Wall Street as global

investors cheered US president Donald Trump's tax reforms

plan.

Mixed trend prevailed in Asia.

Major gainers included Bajaj Auto, Asian Paints, Maruti,

SBI and ICICI Bank.

 

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