Market Close Report: Sensex Rises 350.2 and Nifty Stands Firm at 25,100.
On October 9, Indian equity markets have shown a positive performance with the Nifty safely remaining over the 25,100 mark. The Sensex surged by approximately 350 points, which is an indication that there is increased investor confidence.
There were several major areas that led to the rally. Pharma, oil and gas, realty, metal, PSU banks, and IT stocks had increases of between 0.5 percent and 1 percent, which improved overall sentiments in the market. The BSE Midcap index increased 0.6 percent, and the smallcap index was almost flat.
Good performers in the Nifty were HCL Technologies, JSW Steel, Tata Steel, SBI Life Insurance, and Interglobe Aviation. There was selling pressure on Tata Motors, Axis Bank, Maruti Suzuki, Titan Company, and Bharti Airtel on the downside.
The Indian rupee, on the other hand, was stable, changing at 88.79 in relation to the US dollar. In general, it was not a volatile day in the markets, and investors were closely monitoring the trends in the sectors and globally. Stay tuned for more updates!
Stock Market Today Sector Wise
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IT Sector:
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IT stocks see buying ahead of TCS results
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Sectoral index up 1%
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TCS ends the session at day’s high, up 1%
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Info Edge falls 2% after reporting standalone billing growth of 12% in Q2
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Metal Sector:
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Metal stocks extend gains as global prices firm
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Nifty Metal up 2%
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Hind Copper moves 6% higher on positive developments related to Glencore
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Insurance Sector:
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Insurance stocks rise ahead of monthly data
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SBI Life is the top gainer
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Pharma Sector:
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Relief rally on generic exclusion from tariff
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Aurobindo up 4%
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Capital Markets:
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Shares surge tracking reports on derivative consultation paper
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BSE up 4%
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Real Estate:
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Prestige Estates reports a strong quarterly update
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Stock ends 5% higher
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Airlines:
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Big buying interest seen in airline stocks
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SpiceJet surges 16%
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IndiGo up 2%
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Beverages:
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GM Breweries surges 19% after strong Q2 results
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