Benchmark Indices Close on a Positive Note

10 Oct 2023 , 03:37 PM

On October 10, benchmark indices closed on a positive note, with the Nifty hovering around the 19,700 mark, driven by buying activity across various sectors.

At the closing bell, the Sensex surged by 566.97 points, or 0.87%, to reach 66,079.36, while the Nifty climbed 177.50 points, or 0.91%, to settle at 19,689.80. Among the traded stocks, 2,481 witnessed gains, 1,052 experienced declines, and 135 remained unchanged

Domestic equities exhibited strong gains on this particular Tuesday, primarily influenced by favorable trends in the Asian market. Despite ongoing concerns related to the Israel-Hamas conflict and the subsequent increase in crude oil prices, both the Sensex and Nifty rebounded significantly.

In the previous trading session, the Sensex had witnessed a sharp decline, falling by 483.24 points to close at 65,512.39 points, while the Nifty had dropped 141.15 points to conclude the day at 19,512.35 points.

Among the Nifty’s top performers were Coal India, Bharti Airtel, Adani Ports, Tata Motors, and Adani Enterprises, while the underperformers included IndusInd Bank, Cipla, Dr. Reddy’s Laboratories, TCS, and Asian Paints.

All sectoral indices ended the day in positive territory, with the realty index recording a notable 4% gain. Additionally, Information Technology, power, auto, metal, and PSU Bank sectors all saw gains ranging from 1 to 2% each.

Furthermore, both the BSE Midcap and smallcap indices also posted gains of 1% each, reflecting the overall positive sentiment in the market.