Sensex zooms 611 pts; Nifty ends above 10400 on global rally

Indices trade in green tracking global markets

Sensex, Nifty climb nearly 1% on positive global cues

Nifty and Sensex closed down by almost 16 and 44 points at 10,227 and 33,307, respectively, from the previous close.

Bharti Airtel rose over 1 percent on fund raising reports. The Dow Jones Industrial Average rose 440.53 points, or 1.77 per cent, to end at 25,335.74, the S&P 500 gained 1.74 per cent and the Nasdaq Composite added 132.86 points, or 1.79 per cent, to 7,560.81.

NTPC climbed 4.33 per cent after Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured United States dollars notes to be issued by NTPC Limited.

Hindalco, HPCL, Hero MotoCorp, Yes Bank, Tata Motors, NTPC, Vedanta, ITC and International Olympic Committee jumped 3-5 percent.

"Firm global cues and expectation of ease in domestic inflation to 4.74% excited investors to utilise the bargain opportunity". Both the benchmark indices gained 2 per cent during the day. "The fear of global trade war is somewhat factored in the market while, increase in United States payroll data suggest stability in the economy, which boosted the global trade", Vinod Nair, Head of Research, Geojit Financial Services Ltd said.

Intel might make offer for Broadcom in bid to thwart Qualcomm takeover
Intel acquired autonomous vehicle technology firm Mobileye previous year and acquired programmable chip maker Altera in late 2015. The WSJ also reports that Intel could be looking at other options as well such as smaller acquisitions to remain competitive.

Bulls were back with vengeance to cover the lost ground at Dalal Street on Monday as benchmark indices gained almost 2 percent, driven by global rally after better-than-expected U.S. jobs data.

Market participants will keep a close eye on domestic macro-economic data releases.

All the sectoral indices, led by IT, Teck, oil and gas, FMCG and realty sectors, were trading in the green with gains up to 1.24 percent.

Out of 2,031 stocks traded on the NSE, 905 advanced, 775 declined and 351 remained unchanged today.

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