Closing Bell-Nifty ends 18477, Sensex up 459 pts

 

Closing Bell-Nifty ends 18477, Sensex up 459 pts, Metals, PSU Bank, and IT stocks rallied

 

Indian markets trimmed some intraday gains in the last hour and closed at a fresh record high on Monday. At the close, Nifty gained 138.50 points or 0.76 percent and finished at 18477.05 while Sensex was up by 459.64 points or 0.75 percent and closed at 61765.59 levels. The Bank Nifty spot price also gained 343.90 points or 0.87 percent and ended at 39684.80 levels.

The broader markets also gained in line with their larger peers. The Nifty midcap index was up by 381.30 points or 1.17 percent and closed at 32884.80 levels. The Nifty smallcap index gained 81.65 points or 0.70 percent and ended at 11677.55 levels.

The top five gainers in the Nifty index were Hindalco, Infosys, Tech Mahindra, JSW Steel, and Tata Motors. The top five losers in the Nifty index were M&M, HCL Tech, Dr. Reddy, Asian Paints, and Britannia. The most active stocks in the Nifty index in terms of value were Tata Motors, HCL Tech, and HDFC Bank. The most active stocks in terms of volume were Tata Motors, ITC, and Power Grid.

On a sectoral basis, barring Media and Pharma all other sectors closed in the green today. The sectors that led the rally were Nifty PSU Bank, Metals, IT, Oil & Gas, and Banking

 

Market Indexes-Nifty trading above 18500, Sensex near 62K, Metals, PSU Bank are in focus

 

Indian market indexes are trading near day’s high as bulls are holding a tight grip in the afternoon session despite negative cues from other Asian markets. European market indexes are trading negative as investors are disappointed with China’s economic data released today.

The domestic market sentiments remained positive, after the country’s foreign exchange reserve rose by USD 2.039 billion to USD 639.516 billion in the week ended October 8, according to RBI data. 

At, 2.15 pm, the benchmark indices Nifty and Sensex are trading higher by 0.97 percent and 1.01 percent respectively. The Bank Nifty spot price is trading higher by 1.03 percent at this moment.

Hindalco, JSW Steel, and Infosys are trading as top gainers whereas HCL Tech, M&M, and Dr. Reddy’s Lab are trading as the top losers. Metals, PSU Banks, and Energy sectors are trading higher whereas Media, and Pharma are trading marginally lower at this time.

 

Indian market indexes are trading at a new high

 

The Indian stock market indexes opened at a fresh record high on Monday amid negative cues from other Asian markets. Shanghai is trading lower as China’s Q3 GDP grew at the slowest pace. China Q3 GDP seen growing 4.9% in the third quarter compared to 7.9% in the previous quarter.

The domestic markets continued their upward journey. Sensex opened at 61817.32, up by 511.37 points while Nifty made a gap up opening of 161.55 points at 18500.10 levels. The Bank Nifty spot price opened at 39794.25, up by 453.35 points.

 

Market Live

 

At 10.30 am the benchmark indices, Sensex and Nifty are trading higher by 0.84 percent and 0.90 percent respectively. The Bank Nifty spot price is trading 1.05 percent higher at this moment. The Nifty midcap and smallcap indexes are also trading at record high levels, up by 1.52 percent and 1.06 percent respectively.

Tata Motors, Hindalco, and Titan are trading as the top gainers in the Nifty index whereas HCL Tech, Asian Paints, and Dr. Reddy’s lab are trading as the top losers in the Nifty index.

On a sectoral front, the Metals, Energy, and Auto sectors are trading as the top gainers whereas Nifty pharma is trading marginally lower at this moment.

 

You may also like, Nifty and Bank Nifty Prediction for Monday,18 Oct 2021

 

Happy Investing !!

Editor’s Desk