Published: Thu, October 12, 2017
Finance | By Loren Pratt

Sensex moves up 113 points, Nifty climbs above 10000

Indian shares got on to the front foot on Wednesday with the BSE benchmark index - Sensex - jumping more than 150 points to reclaim the 32,000 mark.

Retail investors and domestic financial institutions built up positions a day ahead of the release of data of IIP (Index of Industrial Production) for August and inflation for September.

The 30-scrip Sensitive Index (Sensex) was trading 85.22 points, or 0.27 per cent, higher during the afternoon session. Gains were led by energy, metal, realty and infra shares, which were up between 0.5 per cent and 1.1 per cent.

Other big movers were Lupin, Reliance Industries, NTPC, Hero MotoCorp, Tata Steel, Hindustan Unilever, M&M, Maruti Suzuki, Infosys and Bajaj Auto, advancing up to 1.08 percent.

The gauge had lost 90 points yesterday. China's Shanghai Composite index was quoting in red, down by 0.18 per cent.

Indian shares opened modestly higher on Thursday after the Union Cabinet approved revision of pay scales for 7.51 lakh teachers in universities and the economic advisory council, formed by Prime Minister Narendra Modi last month, put to rest talks of fiscal stimulus to boost growth. The broader NSE's Nifty also rose in the morning hours.

The Sensex was trading at 32,021.60 points up by 97.19 points or 0.30 per cent from its Tuesday's close at 31,924.41 points.

The Nifty opened above the 5 digit figure of 10,000 points, helped by stocks of International Olympic Committee and IndusInd which rose by more than 0.7% each in the morning trade.

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