Closing Bell: Bulls run continues on bourses, auto stocks gain

Bull run continues to dominate the bourses on October 07 despite mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases.

The BSE S-P Sensex closed 304 points or 0.77 per cent higher at 39,879 while the Nifty 50 gained by 76 points or 0.66 per cent at 11,739.

Sectoral indices at the National Stock Exchange were mixed with Nifty auto ticking up by 1.4 per cent but metal and PSU bank dipping by 1.6 per cent and 1.2 per cent respectively.

Among stocks, Reliance Industries jumped by 2.2 per cent to Rs 2,259.40 per share after the announcement a day earlier that Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512 crore in its retail arm, becoming the latest marquee name to join a rush of global investors in the company.