October 10, 2024
New Delhi, India
Market Highlights
The Indian stock market saw modest gains on Thursday, with the BSE Sensex closing 144 points higher at 81611.41, while the NSE Nifty settled just below the 25,000 mark at 24,998.45, up 16.50 points. Gains in banking and power sectors contributed to the market’s rise, despite a drag from IT and pharma stocks.
Key Gainers and Losers
- Top Gainers: Kotak Mahindra Bank, HDFC Bank, Bharat Electronics, Maruti Suzuki, Axis Bank
- Top Losers: Cipla, Trent, Tech Mahindra, Sun Pharma, Infosys
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Sectoral Performance
- Banking: Up 1%, supported by strong gains in Kotak Mahindra and Axis Bank
- IT: Down 1%, led by losses in Tech Mahindra and Infosys
- Pharma: Down 2%, with Cipla and Sun Pharma among the biggest laggards
- Realty: Shed 0.5%, while the Power Index gained 0.5%, and the Metals Index added 0.3%.
Also Read: USDINR Today: Rupee Weakens Amid Strong USD and Muted Market Sentiment
While banking stocks boosted overall market sentiment, IT and pharma stocks weighed on broader indices. Investors are now looking toward global cues and upcoming economic data for further direction.
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