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Sensex Surges Over 500 Pts, Auto & Financials Gain

Benchmark indices extended gains on strong Asian cues, along with auto, capital goods and financial stocks the rally.FTSE 512 share points to 19,782 and the 50 - at 10:20 clock the 30 shares rose Nifty gained 156 points to 5,835 levels.

On the global front, Asian stocks rose to three - month highs on Tuesday as investors bet upcoming Chinese data are signs of the world economy stabilizes add, while receding fears of a U.S. military strike against Syria, oil prices eased .Russia's proposal to work with Damascus to put under international control could avert their chemical weapons planned U.S. action , prompting President Barack Obama to say he saw a potential breakthrough in the crisis.

Back home, the rupee rose to a two -week high on Tuesday as receding geopolitical risks and strong exports helped Syria in August , was raised at 64.34/35 to the dollar, compared to Friday 's close of 65.24/25 currency. The rupee. It rose to 64.30 in the session, its highest level since 28 August.

At the sectoral level, BSE Auto and Capital Goods indices by 3 % by count as Banks, Real Estate, Teck, FMCG, energy , consumer durables and IT, which splashed all an increase of 2% followed . Infact, all the major BSE sectoral indices trading in the green.

The main gainers in the Sensex this hour are Tata Motors, HDFC , Bharti Airtel, L & T , Maruti Suzuki and ITC , all gain between 3-5%.

Tata Motors has nearly 6 % increase to Rs 335 , U.S. Retail expands its 7% rally over the past three trading days on BSE , after the company recorded the British subsidiary Jaguar Land Rover ( JLR ) sales of 6,661 units in August - the best month since 2005.

Shares of telecom service providers such as Bharti Airtel, Idea Cellular and Reliance Communications ( RCom ) have up to 5% on the exchanges moved the Telecom Regulatory Authority of India ( TRAI ) suggested a 37 % reduction in the price for upcoming mobile spectrum auction .

Indraprashta gas trade is 2.5% higher at Rs 268 after the company has increased CNG ( Compressed Natural Gas) and PNG ( piped natural gas ) increased by 8% in Delhi and NCR region .

Axis Bank has more than 5 % to Rs 1,005 after the Reserve Bank of India (RBI) lifted the ban for foreign investors buy in the private sector lender after a fall in share ownership by them into the bank below the prescribed limit of 49 % recovered .

The Market breadth on BSE remained positive with 954 shares advancing and 285 shares declining.

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