Mid-Session: Sensex surges 300 pts, Nifty breaches 8,700; rate sensitive stocks up 03/10/2016 12:38

Mid-Session: Sensex surges 300 pts, Nifty breaches 8,700; rate sensitive stocks up
03/10/2016 12:38

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE

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The Indian equities continued to witness broad-based buying in late morning deal on Monday, led by gains across rate sensitive space, tracking firm trend across markets in Asia. Bank, auto and realty stocks saw surge in buying ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel.

At 12:22 PM, the Bombay Stock Exchange bellwether Sensex was at 28164.84, up by 298.88 points or by 1.07 per cent, and the NSE Nifty was at 8709.75, up by 98.6 points or by 1.15 per cent.

Shares of Maruti Suzuki India jumped over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after the country's largest carmaker reported a 31.1 per cent growth in its passenger vehicle sales in September at 1,49,143 units, riding on its highest-ever domestic sales.

Jubilant Life Sciences surged 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after the pharma major receives USFDA approval for RUBY-FILL- Rubidium 82 Generator and Elution System.

On the sectoral front, all the thirteen indices were trading in green, while rate sensitive realty and auto stocks were leading the gain, adding as much as 2.35 per cent and 2.26 per cent respectively.