Stock Market: Sensex rises 242 points, Nifty near 10K; Vodafone Idea, Shriram Transport Finance shares gain

Stock Market: On account of positive bias in the European markets, the Indian indices pared its early morning losses and finally closed in the green zone. The BSE Sensex rose 242 points and closed at 33,780 levels while the NSE Nifty shot up 70 points and closed at 9,972 levels. Bank Nifty index ticked 64 poinbts up and cloised at 20,589 levels. 

Speaking on the current markets Prakash Pandey, MD & CEO at Plutus Advisors said, "Indian indices are driven by the global cues. In the morning, it nosedived due to the heavy selloff in the US markets while it pred its morning losses after the European markts opened oin the positive note." Pandey said that Indian indices in coming few trade session will be driven by the global indicators rather domestic indicators.

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Shares of Shriram Transport Finance, Bharti Infratel, Bandhan Bank, Vodafone Idea, Bajaj Finance, Escorts, PNB Housing Finance, RBL Bank and M&M Financial Services were among ther major gainers in the intraday trade sessikon while shares of Suzlon Energy, Shankara Building Project, Cholamandalam Finance, Reliance Power, DHFL and DCB Bank were among the major losers in the intraday trade session.

Shares of SBI, Reliance Industries, Axis Bank, HDFC Bank, ICICI Bank, Tata Motors, Housing Development Finance and IndusInd Bank were among the most trending stocks in the intraday trade session while shares of Bajaj Finance, Vodafone Idea, RBL Bank and Kotak Mahindra Bank were among the most active stocks today.

Among the major Asian indices, the Japanese Nikkei 225 index shed 0.74 per cent, South Korean Kospi crashed 2.04 per cent, Hong Kong's Hang Seng went down 0.73 per cent while Shanghai index added 0.07 per cent.

Yesterday at Wall Street, Dow Jones crashed to the tune of 6.90 per cent, Nasdaq nosedived 5.27 per cent, S&P 500 dipped 5.89 per cent while SmallCap 2000 fell around 7.04 per cent.