Indian Benchmark Indices Rally: Nifty Hovers Near 19,550 Mark

5 Oct 2023 , 03:40 PM

Indian benchmark indices put an end to their two-day losing streak, closing on a positive note with the Nifty hovering around the 19,550 level.

At the closing bell, the Sensex surged by 405.53 points, marking a 0.62% gain, reaching 65,631.57. Simultaneously, the Nifty climbed by 108.20 points, a 0.56% rise, to settle at 19,544.30. Market breadth favored advances, with 2,178 shares moving higher, 1,361 shares in decline, and 121 shares remaining unchanged.

Top-performing stocks on the Nifty included Bajaj Auto, Larsen & Toubro, Titan Company, Eicher Motors, and TCS. In contrast, the losers’ column featured Power Grid Corporation, Hindalco Industries, Tata Consumer Products, HCL Technologies, and ONGC.

In terms of sectors, auto, banking, information technology, and capital goods showed positive momentum, each registering gains ranging from 0.5 to 1%. Conversely, the pharma, power, and PSU banking sectors witnessed selling pressure.

The BSE midcap index ended the session with marginal fluctuations, closing on a relatively flat note. In contrast, the smallcap index demonstrated resilience, adding 0.6%.