Sensex and Nifty Today: Indices Closed Higher, All Sectors in the Green
Sensex and Nifty Today, 2 Nov 2023: Indian stock markets ended with significant gains on Thursday amid positive global cues. The domestic markets opened a gap-up in the morning and traded positively throughout the day. The market sentiments improved across the globe after the US Fed kept the key interest rates unchanged as widely expected and also hinted that the US central bank has done an aggressive monetary policy tightening cycle.
Meanwhile, Traders also took support with data released by the Reserve Bank of India (RBI) showing that India’s services trade surplus bounced back in the September quarter of 2023-24 (FY24), growing 26.6% after falling to a three-quarter low in June.
However, traders overlooked private reports stating that India’s unemployment rate climbed to the highest in more than two years in October as joblessness in rural areas increased. The overall rate rose to 10.05% last month from 7.09% in September.
Sensex and Nifty Today
The Nifty 50 index closed higher by 144.10 points or 0.76 percent and closed at 19133.25 levels while the Sensex was up by 489.57 points or 0.77 percent and finished at 64080.90 levels. The Bank Nifty index ended higher by 316.25 points or 0.74 percent on the spot level and closed at 43017.20 levels.
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 537.35 points or 1.39 percent and closed at 39312.45 levels. The Nifty smallcap index ended higher by 169.15 points or 1.34 percent at 12809.90 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Britannia, Hindalco, IndusInd Bank, Apollo Hospital, and Eicher Motors and the top losers were Hero Motors, Tech Mahindra, Bajaj-Auto, Bajaj Finance, and ONGC
The top gainers in the Nifty midcap index were Idea, REC Ltd, and PFC and the top losers were Gland Pharma, FACT, and LIC Hsg Finance.
The smallcap top gainers were Trevini Turbine, KRBL, and Raymond while the top losers were Deepak Fertiliser, JBM Auto, and Welspun India.
The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, HDFC Bank, and Power Grid.
On the sectoral front, all sectoral indices were closed in the green with Realty, PSU bank, and Metal gaining the most.
Global Stock Market Updates Today
The other Asian stock market indexes ended higher on Thursday tracking the positive cues from Wall Street overnight. Investors were encouraged, as the US Fed kept the interest rate unchanged amid strong economic growth and higher inflation above the central bank’s target. The sentiments became more positive as the Fed hinted that the US central bank may be done with its aggressive tightening cycle.
Japan’s Nikkei ended higher by 1.09% while Australia’s S&P ASX 200 index added 0.85%. South Korea’s Kospi gained 1.77% despite the latest data showing that the country’s consumer price inflation rose for the third straight month in October.
The Shanghai ended lower by 0.45%, while Hang Seng gained 0.78% in the final hour. Elsewhere, the Straits Times ended marginally higher, while Taiwan gained the most in the region. SET Composite and Jakarta Composite ended higher on Thursday.
Europen stock markets are trading higher as investors reacted positively to US Fed monetary policy updates. All sectoral indices are trading in green, led by IT followed by the mining sector.
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Editorial desk
