Stock Market Today: Sensex Surges 567 Points, Nifty Soars Beyond 19650

 

Stock Market Today, 10 Oct 2023: Indian stock markets ended sharply higher on Tuesday after the previous session’s selloff. The domestic markets opened higher and extended gains as the session progressed. The market sentiments were positive due to positive cues from Wall Street and Asian peers.

The Indian stock markets traded in an optimistic mode due to positive cues from Wall Street overnight amid hopes that the U.S. Federal Reserve will halt its campaign of interest-rate hikes. A fall in crude oil prices after Monday’s spike also aided market sentiments.

Traders took encouragement as the National Sample Survey Office (NSSO) data showed the unemployment rate for persons aged 15 years and above in urban areas declined to 6.6 percent during April-June 2023 from 7.6 percent a year ago. However, the upside remained limited amid the geopolitical crisis in the Middle East. 

 

Stock Market Indexes Today

 

The Nifty 50 index closed higher by 177.50 points or 0.91 percent and closed at 19689.85 levels while the Sensex was up by 566.97 points or 0.87 percent and finished at 66079.36 levels. The Bank Nifty index ended higher by 473.65 points or 1.08 percent on the spot level and closed at 44360.15 levels.

The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 540.85 points or 1.36 percent and closed at 40285.50 levels. The Nifty smallcap index ended higher by 151.25 points or 1.20 percent at 12760.25 levels.

 

Nifty 50 Top Gainers & Losers 

 

The top gainers in the Nifty 50 index were Coal India, Adani Ports, Bharti Airtel, Hindalco, and Adani Enterprise and the top losers were IndusInd Bank, Cipla, Dr. Reddy, TCS, and Asian Paints.

The top gainers in the Nifty midcap index were Prestige, IRFC, and Escorts and the top losers were MAX Heath, Jubilant Food, and Aurobindo Pharma

The smallcap top gainers were City Union Bank, NBCC, and Central Bank while the top losers were Suzlon, Trevini Turbine, and Aavas Financiers.

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, Coal India, and HDFC Bank.

On the sectoral front, all sectoral indices ended in the green, with Realty, PSU Bank, and Metal gaining the most.

 

Global Stock Market Updates Today

 

The other Asian stock market indexes were mostly closed higher on Tuesday, as positive cues from Wall Street and ease in crude oil prices supported the markets. Investors shrugged off pressures from the Hamas attack on Israel and bet on the recent beaten-down stocks. 

European stock market indexes also opened higher on Tuesday following the positive cues from Wall Street and Asian markets despite the global fear of Middle East conflict. You can read the global stock market updates here

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Happy Investing!!

Editorial desk