Nifty index end above 18000, Sensex up 787 pts today

October 31, 2022 admin

Sensex and Nifty Index Today: Indian stock market indexes opened a gap-up on Monday as indicated by the SGX Nifty in the morning. The market sentiments were upbeat due to strong corporate earnings and FIIs inflow. The Nifty index today opened at 17910.20 levels up by 123.4 points while Sensex made a positive opening of 287.11 points at 60246.96 levels.

Stock Market News and Updates Today

The equity benchmark indices extended their previous session gains due to steady foreign inflow. FIIs were the net buyers in the Indian equity markets on 28th October, they bought Rs 1568.75 crores last Friday as per the provisional data available on NSE. The market sentiments got boosted as the Union Minister of Commerce and Industry Piyush Goyal said that foreign trade would become a truly defining feature that would help India become a $30 trillion economy in the Amrit Kaal.

The domestic market also got some support with a private report that India is expected to surpass its tax collection goal by more than Rs 2 lakh crore ($24.3 billion) in the current fiscal year. The equity benchmark indexes extended their early gains and closed near day high today.

On the global front, the other Asian market indexes closed mostly higher on Monday tracking positive cues from Wall Street on Friday. Traders remained optimistic the US Fed will slow down the pace of interest rate hikes in the coming months. European markets are trading almost flat today at 3.30 pm IST, as investors remained cautious ahead of the US Fed and BoE interest decision later this week.

Stock Market

Sensex and Nifty Index at the close today

The Nifty index was up by 225.40 points or 1.27 percent and closed at 18012.20 levels while the Sensex gained by 786.74 points or 1.31 percent and finished at 60746.59 levels. The Bank Nifty index ended higher today by 308.45 points or 0.43 percent on the spot level and ended at 40990.85

The broader markets ended higher today, as the Nifty midcap index was up by 429.05 points or 1.38 percent, almost in line with their larger peers, and closed at 31432.30 levels. The Nifty smallcap index closed slightly higher and underperformed the benchmark indices, it was up by only 13.05 points or 0.13 percent at 9686.10 levels.

Nifty 50 Stocks top gainers and losers today

The top gainers in the Nifty 50 Stocks were Ultratech Cement, HDFC, Eicher Motors, Sun Pharma, and HDFC Bank, and the top losers were Apollo Hospital, Dr. Reddy’s Lab, NTPC, IndusInd Bank, and Britannia

The top gainers in the Nifty midcap index were JSW Energy, Trent, and Adani Total Gas, and the top losers were LIC Housing Fin, Shriram Trans, and M&M Financial

The smallcap top gainers were Karur Vysya, VIP Industries, and Just Dial while the top losers were Fine Organics, Future Retail, and Blue Dart

The most active stocks in the Nifty index in terms of value were Maruti, Reliance, and Dr. Reddy. The most active stocks in terms of volume were Tata Steel, NTPC, and ITC.

On the sectoral front, all sectoral indices were closed in the green today. The sectors that led the rally were Consumer Durables, IT, Auto, Financials, and Pharma.

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