Nifty index up 133 pts, Sensex end above 61K, Metal shines

 

Sensex and Nifty Index Today: It was a gap-up opening for the Indian stock markets on Tuesday amid positive cues from the Asian markets. The Nifty index today opened at 18130.70 levels up by 118.5 points while Sensex made a positive opening of 318.99 points at 61065.58 levels. The domestic markets traded in fine fettle and extended their Monday gain.

 

Stock Market News and Updates Today

 

The domestic market sentiments were positive as foreign investors’ buying spree continues in the Indian equity markets, FIIs net buy was Rs 4178.61 crore worth of shares on Monday, as per provisional data available on NSE. The market sentiments were boosted as the GST collection for the month of October rises to Rs 151718 crores, the second-highest monthly collection. 

Meanwhile, the seasonally adjusted S&P Global Indian Manufacturing PMI stood at 55.3 in October, inched higher from the previous month, it was reported at 55.1 in September. The market sentiments remain optimistic throughout the day with global support and positive economic data and ended on a strong note.

On the global front, the other Asian markets mostly closed higher on Tuesday as reopening talks are in progress in China. The market sentiments were upbeat as the manufacturing activity in China improved slightly in October and  Australian Central Bank raised interest rates in line with the expectation. European markets are trading higher on Tuesday as oil companies report profits for the third quarter and tracking positive cues from the Asian markets.

 

Sensex and Nifty Index at the close

 

The Nifty index was up by 133.20 points or 0.74 percent and closed at 18145.40 levels while the Sensex gained by 374.76 points or 0.62 percent and finished at 61121.35 levels. The Bank Nifty index ended slightly lower today by 18.35 points or 0.04 percent on the spot level and ended at 41289.55

The broader markets ended higher today. The Nifty midcap index outperformed the benchmarks today, it gained 273.20 points or 0.87 percent and closed at 31705.50 levels. The Nifty smallcap index ended higher but underperformed the benchmark indices, it was up by only 21.75 points or 0.22 percent at 9707.85 levels.

 

Nifty 50 Stocks top gainers and losers today

 

The top gainers in the Nifty 50 Stocks were Adani Enterprises, Divis Lab, NTPC, Power Grid, and Grasim, and the top losers were Axis Bank, UPL, Eicher Motors, Reliance, and Maruti Suzuki

The top gainers in the Nifty midcap index were Varun Beverages, Alembic Pharma, and AU Small Finance, and the top losers were Dhani Services, Castrol, and Union Bank

The smallcap top gainers were Godfrey Phillip, JK Lakshmi Cement, and Heidelberg Cement while the top losers were Future Retail, Karur Vysya, and Blue Dart.

The most active stocks in the Nifty index in terms of value were Axis Bank, Reliance, and Adani Entertainment. The most active stocks in terms of volume were Tata Steel, NTPC, and Axis Bank

 On the sectoral front, the Metal, Pharma, IT, Realty, Energy and FMCG sectoral indices were closed in the green today. The sectors that closed in the red were PSU Bank, Pvt Bank, and Media

 

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Happy Investing!!

Editorial desk