Markets rally for 3rd day amid firm global trends
The Hindu
The 30-share BSE Sensex jumped 549.62 points
Equity benchmark indices rallied for the third day in a row on October 18 amid firm global market trends and buying in index major Reliance Industries.
The 30-share BSE Sensex jumped 549.62 points or 0.94% to settle at 58,960.60. During the day, it zoomed 732.68 points or 1.25% to 59,143.66.
Similarly, the broader NSE Nifty surged 175.15 points or 1.01% to end at 17,486.95.
State Bank of India (SBI) was the biggest gainer in the Sensex pack, followed by ITC, Nestle, Bharti Airtel, IndusInd Bank, Mahindra & Mahindra, Reliance Industries and Larsen & Toubro.
HDFC, NTPC, HDFC Bank, Tech Mahindra and Sun Pharma were the laggards.
Other Asian markets in Seoul, Tokyo and Hong Kong ended with gains, while Shanghai settled lower.
Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended significantly higher on Monday.
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