Indian Markets Rally: Sensex and Nifty Surge, Sectoral Gains Lead the Way

11 Oct 2023 , 03:43 PM

On October 11, 2023, the benchmark indices in India posted gains for the second consecutive trading session. Here’s a summary of the key market movements:

1. Sensex: The Sensex, India’s benchmark stock market index, closed at 66,473.05, which represented a gain of 393.69 points or 0.60%.
2. Nifty: The Nifty, another prominent stock market index, ended the day at 19,811.30, marking an increase of 121.50 points or 0.62%.
3. Market Breadth: Market breadth was positive, with 2,275 shares advancing, 1,283 shares declining, and 132 shares remaining unchanged.
4. Gainers: The top gainers on the Nifty included Hero MotoCorp, Wipro, Grasim Industries, UltraTech Cement, and Dr. Reddy’s Laboratories.
5. Losers: Among the losers on the Nifty were HCL Technologies, Adani Ports, SBI (State Bank of India), Coal India, and TCS (Tata Consultancy Services).
6. Sectoral Performance: With the exception of PSU Banks, all other sectoral indices ended in positive territory. Notable sectors that saw gains included auto, FMCG (Fast-Moving Consumer Goods), metal, pharma (pharmaceuticals), power, oil & gas, and realty, with gains ranging from 0.5 to 1%.
7. Midcap and Smallcap: The BSE midcap index rose by 0.5%, and the smallcap index posted a gain of 0.7%.