Sensex up 235 pts, Nifty end above 18200 levels today
Sensex and Nifty Today: Indian stock markets opened higher on Monday tracking positive cues from Asian and other global markets. Nifty today opened higher by 94.6 points at 18211.75 levels while Sensex made a positive opening of 237.77 points at 61188.30 levels.
The equity benchmarks erased all early gains in the afternoon session and traded slightly below their neutral line for some time and later bounced back and closed higher.
Stock Markets News and Updates Today
Other than the positive global cues, the domestic market sentiments were positive due to strong Q2 earnings reported by the corporates during the weekend and an increase in the country’s foreign exchange reserves. Traders were relieved, by calling India a bright spot in an otherwise world of gloom, Union commerce and Industry Ministry Piyush Goyal has said that every Indian is witness to the progress that the nation is making.
On the global front, Asian markets closed higher on Monday tracking positive cues from Wall Street on Friday and on speculation of relaxing the Zero-Covid-19 restrictions. The Asia markets gained despite the latest data showing that China`s exports declined unexpectedly in October due to weak global growth.
The imports also posted a surprise fall due to the spread of coronavirus restricted supply chains and dampened domestic demand. European stock market indexes are trading mostly higher on Monday, taking positive cues from their Asian peers.
Sensex and Nifty at the close today
The Nifty index was up by 85.65 points or 0.47 percent and closed at 18202.80 levels while the Sensex gained by 234.79 points or 0.39 percent and finished at 61185.15 levels. The Bank Nifty index jumped 428.25 points or 1.04 percent on the spot level and ended at 41686.70
The broader markets outperformed the benchmarks today, and the Nifty midcap index closed higher by 255.70 points or 0.81 percent and at 31963.60 levels. The Nifty smallcap index gained by 80.60 points or 0.83 percent at 9836.30 levels.
Nifty 50 Stocks top gainers and losers today
The top gainers in the Nifty 50 Stocks were Britannia, SBI, Adani Enterprises, BPCL, and Eicher Motors and the top losers were Divis Lab, Asian Paints, Cipla, Bajaj Finserve, and Adani Ports.
The top gainers in the Nifty midcap index were Bank of Baroda, Union Bank, and Amara Raja Batt and the top losers were Alembic Pharma, Aditya Birla F, and REC
The smallcap top gainers were Rail Vikas, IRB Infra, and Edelweiss while the top losers were Rossari, Sun Pharma Adv, and Just Dial.
The most active stocks in the Nifty index in terms of value were SBI, Adani Ent, and Reliance. The most active stocks in terms of volume were Tata Steel, SBI, and Tata Motors
On the sectoral front, barring Pharma and Consumer Durables, all other sectoral indices were closed in the green today. The sectors that led the rally were PSU Banking, Metal, Auto, Oil & Gas, and Realty
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