The stock market closed b for the second consecutive day on Friday, October 10. The Sensex rose 328 points to 82,500, and the Nifty climbed 103 points to 25,285. Today, Cipla, SBI, and Maruti were the top gainers, while Tata Steel, TCS, and HDFC Life were the top losers.
Stock Market Closing: The Indian stock market witnessed significant momentum on October 10. For the second consecutive day, both the Sensex and Nifty closed in the green. The Sensex rose by 0.40% or 328.72 points to close at 82,500.82, and the Nifty climbed by 0.41% or 103.55 points to 25,285.35. A total of 3,174 shares were traded on the NSE, with 1,905 of them ending higher. Strong buying was observed in shares like Cipla, SBI, and Maruti Suzuki today, while Tata Steel, TCS, and HDFC Life registered declines.
Sensex Rises 328 Points, Nifty Hits New Record Level
On October 10, the BSE Sensex closed at 82,500.82 points, up 0.40% or 328.72 points. Meanwhile, the NSE Nifty climbed 0.41% or 103.55 points to reach a level of 25,285.35 points. This marked the second consecutive day the market ended trading on a b note.
Market experts stated that domestic investor confidence remains high, and there was also moderate buying interest from foreign investors. Additionally, stability in the Rupee and softening oil prices also supported the market.
Number of Shares Traded on NSE Today
A total of 3,174 shares were traded on the National Stock Exchange (NSE) today. Among these, 1,905 shares saw gains, while 1,177 shares declined. Furthermore, 92 shares remained unchanged, holding at their previous closing levels. This data indicates an overall positive trend in the market.
Today's Top Gainer Shares
- Cipla Limited: Shares of Cipla, a giant in the pharma sector, saw b gains today. The share rose by Rs 48.70 to close at Rs 1,561.80. The company's new product launches and b demand from international markets attracted investors.
- SBI (State Bank of India): Among banking sector shares, SBI showed the most strength today. Its share increased by Rs 18.55 to close at Rs 880.65. Expectations of growth in the bank's retail loan portfolio and a decline in NPAs positively influenced sentiment.
- Maruti Suzuki: Shares of automotive giant Maruti Suzuki recorded a gain of Rs 280 today, closing at Rs 16,265. Investors made significant purchases in the stock, anticipating improved company sales and demand during the festive season.
- Dr. Reddy's Labs: Another major pharma sector company, Dr. Reddy's Labs, saw its share rise by Rs 18.30 to reach Rs 1,264.40. The impact of b sales of generic medicines in the US markets was clearly visible in the stock's trend today.
- Bharat Electronics Limited (BEL): BEL, a leading company in the defense sector, saw its share close at Rs 413.50 today, up by Rs 4.15. News of increased government defense orders and export orders boosted investor confidence.
Today's Top Loser Shares
- Tata Steel: Shares of Tata Steel, a major company in the metal sector, registered a decline of Rs 2.56. The share closed at Rs 173.86. Softening steel prices in the international market and weak demand put pressure on the stock.
- TCS (Tata Consultancy Services): Shares of IT sector giant Tata Consultancy Services fell by Rs 33.40 today, closing at Rs 3,028.30. Investors booked profits amidst fears of a slowdown in global IT spending.
- HDFC Life: Shares of HDFC Life, a leading insurance sector company, fell by Rs 7.05 to close at Rs 747.30. Pressure on the stock was observed due to lower-than-expected premium growth in recent quarterly results.
- JSW Steel: Another major stock in the metal sector, JSW Steel, showed weakness today. Its share dropped by Rs 7.40 to reach Rs 1,167.80. Reduced international demand and rising coal costs were cited as reasons.
- Tech Mahindra: Shares of IT sector company Tech Mahindra closed at Rs 1,457.20, down by Rs 9.40. News of a slow recovery in the company's IT services portfolio impacted the stock.
Midcap and Smallcap Indices Also Saw Gains
Today, not only large-cap but also mid-cap and small-cap shares saw gains. The Nifty Midcap Index registered a rise of 0.60%, and the Smallcap Index climbed 0.45%. This clearly indicates that investor sentiment in the market remained broadly positive.
