Indices extend gains; Sensex jumps over 200 points

Indian stock market extended gains from Thursday, on positive cues from other Asian equities and US markets overnight. The Sensex gained more than 150 points and the Nifty reclaimed the 10,200 level; the gains were led by Tata Motors, GAIL India and Coal India.

Indices were also supported by gains in shares of banks, automobiles and metal companies.

At 10:14 AM, the S&P BSE Sensex was trading at 33,168, up 219 points while the broader Nifty50 index was ruling at 10,237, up 70 points.

In broader markets, the BSE Midcap and BSE Smallcap indices were up 0.7% and 0.9%, respectively.

Shares of Future Consumer rose nearly 13% after brokerage firm Morgan Stanley initiated coverage on the stock with an "overweight" rating and a target price of Rs95, implying 61% gains from current level.

Shares of Jet Airways fell nearly 4% after the company posted a 91% fall in its Jul-Sep net profit to Rs50cr.

All sectoral indices on the NSE were trading in the green.

Tata Motors (+1.7%), Vedanta (+1.6%), Maruti (+1.4%), IndusInd Bank(+1.36%) and UPL (+1.3%) were the top gainers on Nifty50.

Infratel (-1.3%), Eicher (-0.67%), Asian Paints (-0.65%), NTPC (-0.64%) and Ambuja Cement (-0.53%) were the top losers in today’s trade.

India VIX dropped 2.99%.

Out of 1,980 stocks traded on the NSE, 1,199 advanced, 355 declined and 426 remained unchanged today.

A total of 46 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.

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