Diwali cheer continues; Sensex rallies over 200 points, Nifty trades near 8k

NEW DELHI: The S&P BSE Sensex rallied over 200 points in trade on Wednesday, led by gains in DRL, Hero MotoCorp, Tata Motors, Wipro & TCS just a day ahead of Diwali.

Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 7950, and was trading near its crucial level of 8000, supported by gains in auto, banks, capital goods, IT and power stocks.

At 09:20 a.m.; the 30-share index was at 26,810.63, up 205 points or 0.77 per cent. It touched a high of 26818.33 and a low of 26778.35 in early trade.

The Nifty was at 7985, up 57 points or 0.72 per cent. It touched a high of 7999.30 and a low of 7985.00 in early trade.

The S&P BSE Midcap Index was up 0.77 per cent and BSE S&P Smallcap Index edged higher by 0.60 per cent.

Dr Reddy's Laboratories (up 2.2 per cent), Hero MotoCorp (up 1.8 per cent), Tata Motors (up 1.7 per cent), Hindalco (up 1.6 per cent) and Tata Steel (up 1.2 per cent) were among the major Sensex gainers.

Coal India (down 0.8 per cent) was the only loser on the BSE Sensex.