Stock Market: Sensex Climbs 213 Points, Nifty Closes Above 17,750. Metals Surge 3 Per Cent
Stock update: Tata Steel, Power Grid, Sun Pharma, Bharti Airtel, Titan, Axis Bank, Dr Reddy’s, and NTPC were among the major winners on the Sensex platform
Sensex and Nifty, the two key equity benchmarks, settled on a positive note on Thursday, helped by buying in metal and realty stocks amid mixed global market trends. The markets remained volatile as investors adjusted their positions due to monthly F&O expiry.
The BSE benchmark climbed 213 points (0.36 per cent) to settle at 59,756. During the day, it jumped 415 points (0.69 per cent) to 59,959. On the other hand, the broader NSE Nifty advanced 81 points (0.46 per cent) to end at 17,736.
On the 30-share Sensex platform, Tata Steel, Power Grid, Sun Pharma, Bharti Airtel, Titan, Axis Bank, Dr Reddy’s, and NTPC were among the major winners. On the flip side, Bajaj Finance, Bajaj Finserv, Asian Paints, Tech Mahindra, and Nestle were among the laggards.
#StockMarket | Indian equity benchmarks closed in green on Thursday
— ABP LIVE (@abplive) October 27, 2022
At 03:30 PM, #Sensex rose by 213 points to 59,757 & #Nifty by 81 points to 17,737
Here's a look at the stocks in focus:#ClosingBell pic.twitter.com/muhuJgCbPC
In the broader markets, the BSE MidCap and SmallCap indices gained 0.4 per cent each.
Sectorally, the Nifty Metal index climbed over 3 per cent, while the Nifty IT fell 0.44 per cent.
The overall sentiment of the 30-share Sensex pack remained positive as 20 scrips advanced, while 11 declined.
Stock markets were closed on Wednesday for 'Diwali Balipratipada'.
In the previous session on Tuesday, the BSE benchmark had declined 287 points (0.48 per cent) to finish at 59,543, while the NSE Nifty fell 74 points (0.42 per cent) to end at 17,656.
Elsewhere in Asia, markets in Seoul and Hong Kong ended higher, while Tokyo and Shanghai settled lower. Stock exchanges in Europe were trading on a mixed note in mid-session deals.
International oil benchmark Brent crude was trading 0.13 per cent higher at $95.79 per barrel.
Foreign Institutional Investors (FIIs) offloaded shares worth Rs 247.01 crore on Tuesday, as per exchange data.
Meanwhile, the rupee appreciated 34 paise to close at 82.47 (provisional) against the US dollar on Thursday as the greenback retreated from its elevated levels. At the interbank foreign exchange market, the local currency opened at 82.15 and witnessed a high of 82.14 and a low of 82.51.
It finally settled at 82.47 against the American currency, registering a rise of 34 paise over its last close.
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