MARKET LIVE: Sensex atop 62,000, up 300 pts, IRCTC m-cap crosses Rs 1 trn

Opening Trades:

LIVE market updates: The benchmark indices started the day on a gung-ho note at fresh record high levels on the back of positive global cues and strong Q2 results from India Inc.

The BSE Sensex opened with a positive gap of 390 points at 62,156, and was now quoted at 62,085, up 320 points in early morning deals. The NSE Nifty touched a high of 18,604 in opening deals, and was up 101 points at 18,578.

Among the Sensex 30 stocks, Larsen & Toubro has surged 3 per cent to Rs 1,840. Tech Mahindra, HCL Technologies and Bharti Airtel have rallied 1.5 per cent each. HDFC Bank. TCS and Bajaj Finserve are the other prominent gainers.

On the other hand, ITC has slipped 2 per cent to Rs 257. UltraTech Cement, Titan and PowerGrid Corporation are the other notable losers.

IRCTC has surged nearly 7 per cent to Rs 6,281. The stock hit a fresh all-time high of Rs 6,332, and the company’s market cap crossed the Rs 1 trillion mark.

Indian Energy Exchange was locked at the 15 per cent upper circuit at Rs 916 on the BSE on plans to issue bonus shares. The company’s board is scheduled to meet on October 21.

TTK Prestige has zoomed over 14 per cent to Rs 10,073. The company’s board is scheuled to meet on October 27 to consider a proposal for sub-division of equity shares.

Elsewhere in Asia, markets traded on a firm note as crude oil prices declined from multi-year highs. Hong Kong’s Hang Seng was trading on a firm note, up 1.4 per cent. Taiwan WEighted index had gained a per cent. Nikkie and KOSPI were up 0.7 per cent each, while China’s Shanghai Composite added 0.5 per cent. Australia’s S&P/ ASX 200 was up 0.2 per cent.

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(Updated at 09:02 AM)

Pre-open Session:

LIVE market updates: The BSE Sensex was quoted 394 points higher at 62,160 in pre-open trades on Tuesday. The NSE Nifty 50 was up 72 points at 18,549.

Bharti Airtel, Reliance Industries, Larsen & Toubro and ITC are the prominent gainers, in the pre-pen trading session, while Bajaj Auto and Kotak Bank are the notable losers among the Sensex 30 stocks.

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(Updated at 08:15 AM)

LIVE market updates: Indian benchmark indices look set to extend their winning run to the eight-day in a row, with the BSE barometer Sensex eyeing the 62,000-mark, riding on the back of strong earnings momentum and firm global cues. At 8:10 AM, SGX Nifty was at 18,565 levels, up 80 points.

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