A green morning for Sensex and Nifty

On Friday, Sensex zoomed more than 500 points and Nifty gained 170 points and were at 10,548.85 and 34,963.75, respectively at 11:00 am. 

Of the Sensex constituents, Vedanta, M&M, Hero Motocorp, Yes Bank, Adani Ports, Tata Steel and Maruti were all trading above 4 per cent. Vedanta gained 6 per cent in the morning session. Except for Wipro, which was trading below 1.35 per cent, all the other stocks were in the green zone. 

Amongst the sectoral indices, on NSE, Nifty Auto and Metal were the top gainers with a 3.86 and 3.48 per cent gains, respectively. All the sectors, except Nifty IT and Nifty Pharma were in green. Motherson Sumi was the top gainer on the Auto index, gaining close to 8 per cent while on the Metal index, Jindal Steel topped the list by jumping 6.42 per cent. The Nifty Bank was at 25,735.90, up by 412.25 points or 1.61 per cent with Yes Bank and Bank of Baroda gaining 5.39 per cent and 4.46 per cent, respectively. 
The gain in the Auto index is triggered by the upbeat October sales numbers of the companies.
 
The Indian rupee gained some ground as it fell below the 73 mark for the first time since October. This can be attributed to a sharp fall in crude oil prices and weakness in the dollar. At 11:30 hours, the Sensex had registered a high of 35,029.28 level and a low of 34,649.80 on Friday.