A Good day for markets

4 Oct 2022 , 04:08 PM

Markets ended the day in green today. Nifty 50 ended, up by 386.95 points. Sensex ended, up by 1276.66 points. Top Gainers today were IndusInd Bank, Adani Ports, Bajaj Finance. Top Losers today were Power Grid, Dr Reddy’s. Just two out of the 50 stocks that make up Nifty 50 were losers today. This shows the strength of the rally today. All the broad market indicies ended in green today. Nifty Next 50 index saw the maximum gain of 969.15 points. All the sectoral indicies ended in green today. Nifty Bank Index saw the maximum gain of 1080.40 points. On NSE, 50 stocks touched their 52 week high today; 15 stocks touched their 52 week low. 

The strong rally in markets today was on the back of positive cues from yesterday from US markets. There were no fundamental shifts that could have justified the strong surge today. Buying by Foreign Portfolio Investors was one of the main reasons for the rise today. This trend of rise on one day followed by fall on another day will continue until the economic issues of the current scenario are resolved.