associate sponsors

Llyod
HDFC

Sensex jumps 331 points, manufacturing PMI data fuel rally

Mumbai: Market built on its gains and scaled higher on buying pick-up, buoyed by manufacturing PMI for September that came in above the 50 mark for the ninth straight month signalling expansion.

Reuters

Reuters

The benchmark Sensex rallied 331 points led by realty, auto, energy and industrials.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a gauge of manufacturing performance -- settled at 52.1 in September, from 52.6 in August.

Firm Asian cues, coupled with optimism ahead of the RBI policy review tomorrow, made investor more nimble.

The 30-share index resumed higher and hovered in a range of 28,205.50 and 27,919.89. It was quoting at 28,197 at 1100 hours, showing a gain of 331.04 points, or 1.19 per cent, from its last close.

The NSE 50-share Nifty was also trading higher by 108.05 points, or 1.25 per cent, at 8,719.20. Major gainers were Maruti, up by 3.79 per cent, followed by Hero MotoCorp 3.01 per cent, M&M 2.87 per cent, Adani Ports 2.78 per cent, Sun Pharma 2.26 per cent and Bajaj Auto 2.12 per cent.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,028.31 crore last Friday, according to provisional data. Overseas, Asian markets were mostly higher as investors weighed the prospects of a further US interest rate hike and a report on business sentiment from Japan.

US stocks closed sharply higher last Friday as Deutsche Bank shares rebounded amid a report that the German banking giant was near a settlement with the Justice Department.


Updated Date: Oct 03, 2016 11:52 AM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See



{if $hideJSforEU != 'yes'} {/if}