Markets in a super rally with Nifty above 17,950; Sensex climbs 600 pts

31 Oct 2022 , 02:00 PM

Domestic benchmark indices in a super rally today led by IT and Auto stocks outperforming. Both the Sensex and Nifty benchmarks were higher 1% each amid positive global cues gleaming all over the market.

On the sectoral front, metal index was under selling pressure while auto and IT stocks skyrocketed over 136 and 351 points respectively to drive the market sentiments.

At around 2:00 PM, Sensex was trading at 60,658.74 higher by 698.89 points or 1.17%. Nifty 50 traded at 17,979.50 higher 192.70 points or 1.08%.

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Top Bulls on Nifty 50 are: Ultra Cement (+3.71%), Sun Pharma (+2.95%), HDFC Bank (+2.49%) supported by Grasim (+2.48%) and HDFC (+2.14%). Meanwhile, top losers on Nifty 50 are: NTPC (-1.87%), Apollo Hospitals (-0.74%), Dr Reddy’s (-0.72%), Tata Steel (-0.49%) and BPCL (-0.33%).

Meanwhile, Bengaluru-based DCX Systems’ IPO opened for bidding today. The Company plans to raise Rs500 crore fund, with a fresh issue of Rs400 crore and  the rest being an offer for sale. The price band for the issue is set at Rs197-207 per share.

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