Closing Bell 1st Nov 2021: Nifty up 258 pts, Sensex ends above 60K

 

Nifty up 258 pts, Sensex ends above 60K, Metals, Realty, & IT led the rally

 

The Indian stock markets traded above their previous close, throughout the day as traders remained energized after the announcement of positive PMI data. The October, Markit Manufacturing PMI data came at 55.9 vs 53.7 compared to the previous month. The Manufacturing activity improved in October as companies scaled up production in line with a substantial upturn in new work intakes. 

At the close, Nifty gained 258 points or 1.46 percent and closed at 17929.65 levels while Sensex was up by 831.53 points or 1.40 percent and finished at 60138.46 levels. The Bank Nifty on spot price also closed higher by 648.15 points or 1.66% and ended at 39763.75 levels.

The broader markets also gained in line with their larger peer. The Nifty midcap index gained 554.15 points or 1.82 percent and closed at 31023.70 levels. The Nifty smallcap index was up by 93.05 points or 0.86 percent and finished at 10859.90 levels.

The top five gainers in the Nifty 50 index were IndusInd Bank, Hindalco, Bharti Airtel, HCL Tech, and Grasim. The top losers in the Nifty50 index were UPL, Bajaj Finserve, M&M, and Nestle. The most active stocks in the Nifty50index in terms of value were Reliance, Tata Motors, and HDFC. the most active stocks in terms of volume were Tata Motors, ITC, and SBI.

On a sectoral front, all major sectors were closed in the green today. The sectors that led the markets were Realty, Metals, IT, Media, and Banking.

 

Sensex and Nifty are trading higher, Metals are in focus

 

Indian stock markets opened higher tracking the positive cues from Wall Street on Friday. Asian markets are also mostly trading in the green today. Hang Seng and SET Composite are trading in the red whereas Nikkei is trading more than 2 percent higher at this moment.

Nifty today opened at 17783.15 levels, up by 111.5 points while Sensex made a positive opening at 59577.48 levels, up by 270.55 points. The Bank Nifty index also opened higher at 39482.15 levels, up by 366.55 points from the previous close.

 

Market Live 1 Nov 2021

 

At 10 am, the key benchmark indices Sensex and Nifty are trading higher by 0.79 percent and 0.76 percent respectively. The Bank Nifty spot price is trading 0.83 percent at this moment. The Nifty midcap and smallcap indexes are trading higher by 0.82 percent and 0.90 percent respectively.

The gaining stocks in the Nifty 50 index at this moment are Tata Steel, Hindalco, and HCL Tech. The top losing stocks are UPL, Bajaj Finserve, and Nestle.

On a sectoral front, Nifty Realty, Metals, IT sectors are trading higher whereas Energy, FMCG, and Financial sectors are trading marginally down.

You may also like to read, Indian stock market outlook for next week (1- 4 Nov 2021)

 

Happy Investing !!

Editor’s desk