Sensex surges, Nifty holds 7800 comfortably; banks support -- 23 Sep 2015

ITC, M&M, Coal India, NTPC and HDFC Bank are top gainers in the Sensex. Among the losers are Tata Motors, BHEL, GAIL, Cipla and Tata Steel.

                                   

The Sensex is up 94.65 points or 0.4 percent at 25746.49, and the Nifty is  up 14.80 points or 0.2 percent at 7826.80. About 1287 shares have advanced, 1110 shares declined, and 119 shares are unchanged. ITC, M&M, Coal India, NTPC and HDFC Bank are top gainers in the Sensex. Among the losers are Tata Motors, BHEL, GAIL, Cipla and Tata Steel. Meanwhile, Asian emerging market currencies sank today after data showing further weakening in China's key manufacturing sector added to concerns about the global economy, sending investors flocking to safer assets. Regional units are already reeling from expectations of a hike in US interest rates later this year, which analysts say could trigger an outflow of capital from emerging markets to seek higher returns. China's keenly watched Purchasing Managers' Index (PMI) for factory activity in September fell to its lowest level since March 2009, the latest round of weak data following disappointing readings including on trade, investment and consumer spending.

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