LIVE: Sensex surges over 200 points, Nifty nears 8,600; Shriram EPC soars over 10%

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Benchmark indices BSE Sensex and NSE Nifty opened higher on Tuesday on the back of short coverings amid firm global cues.

10.20 am: Shriram EPC was trading 10 per cent up at Rs 26.30. Shriram EPC has been awarded contract of over Rs 61 crore from K.U.W.S. & D. Board (KUWSD), Bengaluru for providing water supply scheme to Robertsonpet (KGF) City under AMRUT. The company will establish reverse osmosis filters and accessories in all wards in the city, provide distribution network from water treatment plant and maintenance for five years. The project is to be executed over a period of 36 months. Sensex was trading 242.76 points up at 27772.73, while Nifty was up 73 points up at 8593.40.

9.50 am: Stock exchanges BSE and NSE will conduct special ‘Muhurat’ trading session on Diwali on October 30. The trading would be held between 6.30 pm and 7.30 pm, the stock exchanges said in separate circulars. Read more

9.31 am: In the Nifty 50 index, ICICI Bank, Adani Ports, Axis Bank, Bank of Baroda and Hindalco were up between 1.15 per cent and 2.14 per cent. On the other hand, Hero MotoCorp, Tech Mahindra, Bharti Airtel, Bharti Infratel and NTPC were down between 0.16 per cent and 0.46 per cent.

9.18 am: Sensex was trading 209.49 points up at 27,739.46. Nifty was up 41.85 points at 8,562.25.

9.15 am: The BSE Sensex opened 126.92 points, or 0.46 per cent, up at 27656.89, while NSE Nifty opened 35.65 points, or 0.42 per cent, up at 8556.05.

PRE-MARKETS

Domestic benchmark indices BSE Sensex and NSE Nifty are likely to open higher on Tuesday tracking global cues. The BSE Sensex dipped around 144 points on Monday on account of muted start of second quarterly earnings and a lacklustre global trend.

1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 30 points up at 8,561.50, indicating a gap-up opening for domestic equity markets.

2) Asian peers were trading higher on Tuesday thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China. Hang Seng, Nikkei and Shanghai were up by 1 per cent, 0.18 per cent and 0.14 per cent, respectively.

3) US markets closed lower on Monday as lower oil prices weighed on energy shares. The Dow Jones Industrial Average index shed 0.29 per cent, to 18,086.4, the S&P 500 slipped 0.3 per cent to 2,126.5 and the Nasdaq Composite index declined 0.27 per cent, to 5,199.82.

4) Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.

5) Results today: Can Fin Homes, Mastek, Rasoi Ltd, Havells India and Saven Technologies will announce their financial results for the quarter ended September 30, 2016 on Tuesday.