October 14, 2024
New Delhi, India
Stock Market Today
The Indian stock market began the week on a bullish note, with the BSE Sensex closing 592 points higher, reaching 81,973.05, and the NSE Nifty 50 rising by 163.70 points to settle at 25,127.95. The gains were largely driven by banking, IT, and realty stocks, with investors eagerly anticipating earnings reports from major companies like Reliance Industries and HCL Tech.
Key Market Highlights:
- Sensex Gains: Sensex added 592 points (0.73%) to close at 81,973.05.
- Nifty 50 Performance: Nifty closed 163.70 points (0.66%) higher at 25,127.95.
- Sectoral Winners: IT, financial services, private banks, and realty sectors outperformed, with gains of over 1% each.
- Top Gainers: Wipro, Tech Mahindra, HDFC Life, HDFC Bank, and L&T led the rally, with gains extending up to 4.24%.
- Top Losers: ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and Adani Enterprises saw losses, declining up to 2.05%.
Broader Market and Sectoral Performance
The Bank Nifty index surged 1.38% to close at 51,878, while the Nifty Midcap 100 and Nifty Smallcap 100 rose 0.43% each. Except for media, metal, and OMCs, all other sectoral indices ended in the green, highlighting a strong market sentiment driven by gains in realty, IT, and financial stocks.
Currency and Commodities
The Indian rupee hit a fresh record low, weakening past 84.07 against the US dollar. Meanwhile, Bitcoin surged past $64,000, with Ethereum also rising by 3%.
Disclaimer:
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