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Sensex Soars Over 800 Points, Nifty Above 10,450: 10 Points
12 Oct 2018, 01:43 PM IST 
All sectoral indices, barring the Nifty IT, traded with gains on the NSE.
- Forty six out of 50 Nifty stocks and 29 out of 30 Sensex shares traded traded with gains. Top gainers in the Sensex pack were Mahindra and Mahindra, Maruti Suzuki, Bajaj Auto, Kotak Mahindra Bank and ICICI Bank, each of which gained between 3 to over 4 per cent.
- All sectoral indices, barring the Nifty IT, traded with gains on the NSE. Metals, banks, autos, financials and consumer stocks led the gains.
- IT stocks bucked the positive trend after the rupee hit a one-week high of 73.62 against the US dollar after softening of crude oil, which is on course for a 3.4 per cent decline this week.
- Tata Consultancy Services (TCS), which reported a 22.5 per cent rise in annual profit at Rs. 7,901 crore for the quarter ending September, was the top loser on both the benchmarks as it shed over 2 per cent. Rupee depreciation boosts profitability of exporters such as IT companies.
- FMCG major Hindustan Unilever, which is set to report its second quarter numbers later in the day, traded 2.58 per cent higher on the BSE.
- Retail inflation and index of industrial production numbers for the month of September and August respectively will be also be released later on Friday.
- The inflation-tracking central bank had, in its last bi-monthly policy review, surprised the Street by keeping the rates on hold, as against expectations of a hike.
- Meanwhile, foreign portfolio investors sold net equities of Rs 2,869.41 crore while domestic institutional investors purchased shares worth a net Rs 1,888.18 crore on Thursday, according to provisional data from the NSE.
- On Thursday, the Sensex had closed 759.74 points or 2.19 per cent lower at 34,001.15, and the Nifty had settled at 10,234.65, down 225.45 points or 2.16 per cent.
- In the global markets, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent on Friday, after it fell 3.6 per cent to hit a one-and-a-half year low on Thursday, according to a report by news agency Reuters. (With Reuters inputs)