Nifty Ends Above 19200, Sensex Climbs 283: All Sectors in the Green
Sensex and Nifty Today, 3 Nov 2023: Indian stock market indexes ended higher for the second consecutive day on Friday amid positive global cues. The domestic markets made a gap-up opening and traded positively throughout the day on the back of buying across the sectors.
Domestic sentiments got a boost amid positive global cues on the back of growing bets that US benchmark interest rates have peaked. Traders were also getting encouragement from United States (US) Treasury Secretary Janet Yellen’s statement that Washington is increasing its trade with countries like India, Vietnam, and Mexico reducing its dependence on China.
However, traders took note that India’s services purchasing managers’ index (PMI) in October came in at 58.4, according to the S&P Global Ratings. The service PMI in September was recorded at 61.
Stock Market Indexes Today
The Nifty 50 index closed higher by 97.35 points or 0.51 percent and closed at 19230.60 levels while the Sensex was up by 282.88 points or 0.44 percent and finished at 64363.78 levels. The Bank Nifty index ended higher by 301.05 points or 0.70 percent on the spot level and closed at 43318.25 levels.
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 274.95 points or 0.70 percent and closed at 39587.40 levels. The Nifty smallcap index ended higher by 155.15 points or 1.21 percent at 12965.05 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Appolo Hospital, Adani Port, Eicher Motors, LTIM, and Titan and the top losers were Bajaj Finserve, Dr. Reddy, SBI Life, IndusInd Bank, and Tata Steel.
The top gainers in the Nifty midcap index were Lal Path Labs, L&T Fin Holding, and Concor and the top losers were MRF, PayTM, and Mankind Pharma
The smallcap top gainers were JK Lakshmi, Amber Enterprise, and Angel One while the top losers were KEC, Aegis Chemical, and Century Textiles.
The most active stocks in the Nifty index in terms of value were Tata Motors, HDFC Bank, and Reliance. The most active stocks in terms of volume were Tata Steel, Tata Motors, and ITC.
On the sectoral front, all sectoral indices ended in the green with Realty, Media, and Banking gaining the most.
Global Stock Market Updates Today
The other Asian stock market indexes ended higher on Friday, as investor’s focus now shifted to key economic data across the region. Japan’s Nikkei was not trading today due to a public holiday. Australia’s S&P ASX 200 index ended higher by 1.14%, as the country’s retail sales rose for the first time since the third quarter of 2022.
South Korea’s Kospi gained 1.06% after closing strong in the previous session. The Shanghai Index extended its early gains and ended higher by 0.71% as China’s services PMI data came slightly higher than the previous month. Hang Seng gained the most in the region, up by 2.45% despite the business activity contracted in the month of October.
Elsewhere, the Straits Times, SET Composite, Jakarta Composite, and Taiwan all ended in the green on the last trading day of the week.
European markets are trading higher rising for the fifth consecutive day on optimism that the central banks are done with the monetary policy tightening cycle. Investors are looking ahead to the US monthly job report later in the day.
If you like the post “Nifty Ends Above 19200, Sensex Climbs 283: All Sectors in the Green” please share it with others.
You may also like to read, Nasdaq 100 Futures Decline Following Apple’s Earnings Report (3 November 2023)
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
Happy Investing!!
Editorial desk
