Market Overview of Sujata Muguda for Business News for Profit Oct 14

Monday, October 14, 2024 The benchmark equity indices, BSE Sensex and NSE Nifty50, ended the first trading session of the week in positive territory, driven by strong buying across banking, IT, and financial services stocks.

The 30-share Sensex gained 591.69 points, or 0.73%, to close at 81,973.05. Similarly, the NSE Nifty50 finished higher by 163.70 points, or 0.66%, at 25,127.95.

It was a bullish day, with 33 of the 50 Nifty50 constituent stocks closing in green, led by notable gains from Wipro, Tech Mahindra, HDFC Life Insurance, HDFC Bank, and Larsen & Toubro, which rose by up to 4.24%. However, some stocks, including ONGC, Maruti Suzuki India, Tata Steel, Bajaj Finance, and Adani Enterprises, were among the top losers, with declines of up to 2.05%.

In the broader market, both the Nifty Midcap 100 and Nifty Smallcap 100 indices closed higher by 0.43%.

Sectorally, the Bank Nifty, Financial Services, IT, Private Bank, and Realty indices outperformed, closing with gains of over 1% each. All other sectoral indices also finished in green except for Media, Metal, and Oil Marketing Companies (OMCs), which posted minor declines.

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Look out for Business News For Profit’s marketplace watch reports for a deeper dive and professional perspectives on the market’s nation. In the inventory marketplace’s ever-evolving panorama, our commitment to imparting correct and timely statistics will preserve to guide traders in making informed decisions.

Disclaimer: The information provided is for educational and informational purposes only. It should not be considered financial or investment advice. Market investments involve risk, and individuals should consult their financial advisors before making decisions.

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