After being under pressure early amid a highly volatile environment and weak corporate results and selling by foreign funds, Indian stock market benchmark indices finally closed higher after banking and financial stocks led significant gains in the last hours.
However, there was a slowdown in the auto sector. Like large cap stocks, mid cap and small cap stocks also witnessed a rise. After initially opening 32 points higher, Sensex hit an intra-day high of 80,450 and low of 79,421. In this way, after a total fluctuation of 1,029 points, at the end of the day the Sensex closed at 80,369 with an increase of 363 points or 0.45 percent. On the other hand, Nifty opened 11 points lower initially and then touched an intra-day high of 24,484 and low of 24,140. Thus, after a total intra-day fluctuation of 344 points, Nifty finally closed at 24,466 with a gain of 127 points or 0.52 per cent. Mid-cap and small-cap stocks performed slightly better than large-caps. The BSE mid-cap index closed 337 points or 0.74 per cent higher at 46,103, while the small-cap index closed 374 points or 0.71 per cent higher at 53,289. The BSE SME IPO index also closed at 96,031, up 790 points or 0.83 per cent.
Today, SBI rose by 5.13 percent, Bharat Electronics by 4.89 percent, Eicher Motors by 3.38 percent, HDFC Life by 3.08 percent, Bajaj Finserv by 2.18 percent and NTPC by 2.11 percent, while Tata Motors rose by 4.06 percent, Maruti by 3.79 percent, Ro Motor Corp fell by 2.88 percent, Dr. Reddy’s Lab fell by 2.52 percent and Sun Pharma fell by 2.04 percent. The volatility index increased by 1.57 percent today to 14.52. Out of 14 sectoral indices on Nifty, 9 closed with gains and 4 with decline. Nifty was supported by 2.07 per cent, Financial Services by 2.08 per cent, PSU Bank by 3.64 per cent and Private Bank by 1.53 per cent. At the same time, Auto index closed down by 1.57 percent, Pharma index down by 1.12 percent and Healthcare index closed down by 0.89 percent.
PSU banks witnessed a rise today and all constituent stocks of Nifty PSU Bank closed with gains. There was an increase of 5.05 percent in SBI, 4.81 percent in Indian Bank, 4.76 percent in Bank of Maharashtra, 3.18 percent in Central Bank, 2.98 percent in IOB, 2.87 percent in PNB and 2.81 percent in Canara Bank. Recorded. Among all the constituent stocks of the Nifty Bank index, IndusInd Bank was the only stock that fell, while all other stocks closed with gains. An increase of 8.55 percent was recorded in Federal Bank and 3 percent in ICICI Bank. Among Nifty Private Bank index constituent stocks, IndusInd Bank fell by 1.50 per cent and Bandhan Bank by 5.82 per cent, while all other stocks closed with gains. In the Nifty Financial Services index, Shriram Finance was also the only stock to decline by 0.23 per cent, while all other constituent stocks closed with gains. PFC rose by 5.13 percent, REC by 4.76 percent and MCX by 4.08 percent. After such a rise in banking and financial stocks, PSU Bank Index rose by 3.64 per cent, Bank Index by 2.07 per cent, Private Bank Index by 1.53 per cent and Financial Services Index by 2.08 per cent.
Of the total 3,991 shares traded on BSE today, 2,189 shares rose, 1,679 declined and 123 shares closed flat. Today, 16 out of 30 Sensex stocks closed with gains while 31 out of 50 Nifty stocks closed with gains. Thus, the market sentiment remained positive and the constituent stocks of Sensex-Nifty also closed with higher number of shares. Apart from this, leading Sensex shares also closed with gains. However, as per data available on BSE website, the market capitalization of comp.es listed on BSE today declined to Rs. 434.86 lakh crore i.e. 5.17 trillion dollars, which was yesterday Rs. to Rs 441.20 lakh crore. There is a shortage of Rs 6.34 lakh crore.
Today FIIA in Indian stock market is only Rs. Net sales of Rs 548 crore, while DII reported Rs. Net purchase of Rs 730 crore. With this, the net sales figure made by FIIA in the month of October was Rs. It is 1,02,919. Thus, the average net sales of FIIs per day in the current month is Rs. 3,548 crores compared to which today FIIA is only Rs. Net sales of Rs 548 crore. With today’s purchases, the net purchase figure of DIA in October stands at Rs. 99,207 crores.