The Mumbai Railway Police denied that there was any firing at the Chatrapati Shivaji Terminus Station this afternoon.

According to the Commissioner, Railway Security, it was not firing but only a disruption and the condition is totally normal out there right now.

The 30-share index BSE Sensex, which had slipped into the red in early afternoon trade, has rallied to 9,118.63, up 91.91 points, on account of buying action seen across IT and auto sectors. 

In the meantime, the broad based Nifty gained 7.35 points at 2,759.60 after touching a high of 2,779.00 and a low of 2,690.30.

Sebi chief CB Bhave asked the stock markets to resume trading on Friday at regular time.

“We have asked the exchanges to be ready to start trading. We have kept our options open, we will take a final call later. No time has been fixed for the decision,” he added.

Mr. Bhave also said that the market regulator (SEBI) is monitoring the situation closely.

The NCDEX would also open today for trading.

The forex, money, bond and commodity exchanges have opened already.

Indian equities continued to trade in the positive zone because of strong buying action witnessed in index heavyweights.

Short-covering prior to expiry of November series derivatives contracts has contributed significantly to the rise in stock prices this afternoon.

Oil & gas, banking, FMCG stocks went up, while auto and consumer goods stocks saw profit booking.

BSE Midcap and Smallcap index lost 0.88% and 1.13% respectively.

The 30-share index BSE Sensex bounced back into the positive terrain on account of strong buying action witnessed in power, metal, capital goods, telecom and bank stocks.

Selected oil, realty and auto stocks also posted
impressive gains. Information technology stocks slipped from their
higher levels due to lack of support.

FMCG and Pharma stocks remain relatively subdued.

A good buying interest was seen in midcap and smallcap segments.

The market breadth was strong it saw 1258 progressions as against 819 declinations.

After a depressing start and a subsequent sharp fall, Indian equities made a smart recovery this morning on the back of some spirited buying action in some of the frontline stocks.

IT, power and consumer goods gained ground, whereas realty and banking stocks went down due to the expected rate cut not happening during the last weekend.

BSE Midcap and Smallcap index gained 0.11% and 0.31% respectively.  

At 11:00 a.m., the 30-share index BSE Sensex, which tumbled to a low of 8708.85 after opening at 8840.53, rallied to 8,961.14, up 45.93 points.

Indian equities opened positively despite none too encouraging global signals and moved up further in subsequent trading session as investors went bargain hunting after five successive days of losses.

The 30-share index, BSE Sensex opened with a gain of 33.47 points, at 8,970.67 on Wednesday.

Metal stocks, among the severely battered in recent sessions, were among the top gainers, while Oil, real estate, banking, capital goods and power stocks also moved up sharply.