Sensex hits 20500, up 230 pts; ICICI surges 4%, ITC weak

12:27

Moneycontrol Bureau
Live Market Commentary
It is a strong session on the Dalal Street with the Sensex surpassing 20500 level as Infosys surprised positively with its second quarter results.

The Sensex is up 231.06 points or 1.14 percent at 20503.97, and the Nifty is up 68.25 points or 1.13 percent at 6089.20.

Vibhav Kapoor of IL&FS says that valuations have started heating up and a correction is possible in the second half of October.

Meanwhile, the rupee gained 19 paise to 61.20 against the US dollar.

Globally Asian markets rallied 1 percent, tracking Wall Street's strong performance on optimism that there could be a deal to avert the US debt default.

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