Stock Market Close Highlights, Tuesday, October 8: Indian stock markets rebounded on the day, ending a 5-day losing streak. The BSE Sensex gained 584.81 points, or 0.72%, closing at 81,634.8. Similarly, the Nifty50 closed at 25,013.15, up 217.38 points or 0.88%, as investors absorbed the Assembly election results and a surge in Chinese stocks moderated.
Investors are also keenly awaiting the Reserve Bank of India’s (RBI) monetary policy decision, which is expected on Wednesday.
Among individual stocks, Adani Ports, M&M, Reliance Industries, HDFC Bank, L&T, SBI, Ultratech Cement, NTPC, and Kotak Bank were the top gainers on the Sensex, with increases ranging from 1% to 4.5%.
On the downside, Tata Steel, Titan Company, Bajaj Finserv, JSW Steel, Bajaj Finance, Tata Motors, and ITC were the top losers, with declines of up to 2.7%.
In the broader market, the BSE MidCap index rose 1.86%, while the BSE SmallCap index gained 2.44%, outperforming the benchmark indices.
Among sectors, all indices, except the Nifty Metal index, saw gains. The Nifty Media index jumped over 3%, while Nifty Auto gained 1.84%, and Nifty Pharma increased by 1.5%.
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Disclaimer: The information provided in this article is for general informational purposes only. It does not constitute financial advice, investment advice, or trading recommendations. Please consult a qualified financial advisor or conduct thorough research before making any investment decisions. The stock market is subject to risks, and past performance is not indicative of future results.
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