Closing bell: Nifty reclaims its 10000 mark, BSE midcap at record high

Sensex opens on higher note rallies nearly 200 points Nifty up by 10,000

"Investors heaved a sigh of relief as the North Korean dictator abandoned his weekend plans of launching another missile in favour of a party", added Lakshmanan.

Bharat Financial Inclusion gained 3.3 percent while IndusInd Bank was up 5.6 percent after the company confirmed that it is in pact with IndusInd Bank for exploring a merger.

Larsen and Toubro (2.53%), Hindustan Unilever (1.92%), Coal India (1.43%), HDFC Bank (1.21%) and Maruti Auto (0.97%) were the best performers on the Sensex in the morning trade. The MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent.

Brokers said that sentiments were high largely due to a firming trend in other Asian markets as concerns over North Korea eased and hurricane Irma's force waned. The stock was up 3.3 percent. The agreement, the two companies have said, primarily provides for confidentiality of information / discussion and finalisation of the terms and conditions relating to the proposed transaction and help enter into a defintive documentation after necessary approvals.

Market breadth was negative with 1,336 advances against 1,163 declines. Shares of Bharat Financial Inclusion Limited rose to Rs 955.95 (Rs 956 on NSE) and are now up 1.3% at Rs 948. The Net Interest Income for the quarter came in 8.4% higher than estimates of Rs 218 crore.

After a consolidation in previous session, the 30-share BSE Sensex closed up 194.64 points at 31,882.16 and the 50-share NSE Nifty rallied 71.25 points to 10,006.05, aided by private banks, infrastructure, FMCG and oil stocks.

L&T, Tata Motors DVR, IndusInd Bank and Tata Power were among the top gainers on both indices, while M&M, Bharti Airtel, and Indiabulls Housing Finance were mostly trading in red. The Sensex touched a high of 31,874.13 points and a low of 31,797.89 points in the trade so far.



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