Sensex, Nifty rise over 1%; autos, banks, oil stocks support

The market continues to rally with support from index heavyweights except IT stocks. The Sensex is up 345.34 points or 1.2 percent at 28211.30 and the Nifty is up 112.85 points or 1.3 percent at 8724.

About 1937 shares have advanced, 406 shares declined, and 79 shares are unchanged.

Maruti, Hero MotoCorp, Adani Ports, M&M and Bajaj Auto are top gainers while Infosys, TCS and Wipro are losers.

Bajaj Auto today reported a 2 percent decline in total sales in September at 3,76,765 units as against 3,84,400 in the same month last year. Motorcycle sales during the month went up by 1 per cent to 3,31,976 units as against 3,30,228 in September last year, the company said in a BSE filing.

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