Sensex and Nifty in Green on October 8, 2024

8 Oct 2024 , 03:04 PM

The Indian stock market is showing positive momentum today, with both the benchmark indices, Sensex and Nifty, trading in the green, indicating a bullish sentiment among investors. The Sensex has risen by 394 points, translating to a gain of 0.49%, currently standing at 81,444. Similarly, the Nifty index has seen an uptick of 154 points, or 0.62%, bringing it to 24,937. 

The breadth of the market is notably positive, with approximately 1,996 shares advancing against 516 shares that have declined on the National Stock Exchange (NSE). Significant gainers in the Nifty include Trent, Adani Enterprises, Adani Ports, and Bharat Electronics, showcasing strong performance in these stocks. On the downside, Tata Steel, SBI Life Insurance, Titan Company, and JSW Steel are among the top losers in the Nifty index, reflecting sector-specific challenges. Trent has distinguished itself by hitting a 52-week high today.

In the Sensex, major gainers consist of Mahindra & Mahindra (M&M), HDFC Bank, Reliance Industries, and Larsen & Toubro, all of which have contributed to the index’s upward movement. Conversely, Tata Steel, Titan Company, JSW Steel, and Bajaj Finserv are facing declines, which could be attributed to profit booking or sectoral weaknesses.

The BSE Midcap index has experienced a gain of 1.23%, while the Smallcap index has surged by over 1.97%, indicating robust performance in the broader market segments.