HCLTech and ICICI Bank Lead Gains as Sensex and Nifty Open Higher Amid US Election Trends

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Wednesday, November 6, 2024 — Benchmark indices BSE Sensex and Nifty 50 opened with profits on Wednesday, reflecting early inclinations favoring Donald Trump in the US presidential race.

At the whole bell, the BSE Sensex came up with the aid of 283 factors (0.36%) at 79,759, while the Nifty 50 rose with the aid of the usage of 57 factors (0.24%) to 24,271. Global markets are cautiously tracking the USA election effects for indicators on the approaching presidency.

On the Sensex, an aggregate of gains and losses have been found, with Titan primarily the decliners, down with the resource of 3.27%, accompanied by the usage of Tata Steel, JSW Steel, Hindustan Unilever, and Tata Motors. On the upside, HCLTech acquired 1.09%, whilst ICICI Bank, Infosys, Bajaj Finance, and Bajaj Finserv moreover recorded profits.

On the Nifty 50, 27 out of 50 stocks traded lower, with Titan down 3.46%, trailed by the useful resources of Tata Steel, JSW Steel, Hindalco, and SBI Life. Top gainers covered Apollo Hospital Enterprises, Dr. Reddy’s, HCLTech, Infosys, and ICICI Bank.

Sector-smart, the Metal index dropped 1%, at the same time as Consumer Durables slipped by means of 0.18%. Most other sectors observed profits, led by using the use of the Realty index at 1.4 5%, determined by means of way of OMC, Healthcare, IT, Financial Services, and Banking indices.

Broader markets confirmed positivity as nicely, with the Nifty Midcap 100 up through 0.58% and the Nifty Smallcap a hundred gaining 0.54%.

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