On October 9, the stock market witnessed a b surge. The Sensex closed up 398 points at 82,172.10, and the Nifty climbed 135 points to 25,181.80. Shares like Tata Steel, Reliance, and HCL Tech showed b gains, while Axis Bank and Titan Company were among the top losers.
Stock Market Closing: On October 9, the Indian stock market closed bly. Driven by a surge in heavyweight stocks like Tata Steel and Reliance, the Sensex rose by 0.49% or 398.44 points to 82,172.10, and the Nifty advanced by 0.54% or 135.65 points to 25,181.80. A total of 3,191 shares were traded on the NSE, with 1,600 shares advancing and 1,495 declining. Tata Steel, HCL Tech, and SBI Life were the top gainers, while Axis Bank and Titan were the top losers.
Highest Momentum Seen in Metal and Auto Sectors
In today's session, the Metal and Auto sectors accelerated the market's pace. Strong buying was observed in shares like Tata Steel, JSW Steel, and Tata Motors. Tata Steel surged by Rs 4.48, closing at Rs 176.42. JSW Steel's share climbed Rs 2.62 to reach Rs 1,175.20. The gains in these companies strengthened the Metal Index.
Reliance and HCL Tech Emerge as Market Stars
Reliance Industries shares also showed a positive trend, providing support to the Sensex. Furthermore, HCL Tech performed brilliantly in the IT sector. The company's share closed up Rs 33.30 at Rs 1,486.50. A buying sentiment prevailed in the tech sector, with investors showing keen interest.
Mixed Trading on NSE
On the National Stock Exchange (NSE) today, a total of 3,191 shares were traded. Of these, 1,600 shares closed with gains, while 1,495 shares recorded declines. Meanwhile, 96 shares saw no change in their prices. This clearly indicates that while there is enthusiasm in the market, investors are also maintaining a cautious approach.
Slight Weakness in Banking and FMCG Sectors
While the Metal and IT sectors strengthened the market, pressure was observed in the Banking and FMCG sectors. Shares of Axis Bank and Titan Company recorded declines. Axis Bank's share fell by Rs 13.20 to close at Rs 1,167.40. Titan Company's share dropped by Rs 15 to reach Rs 3,550.60.
Top Gainer Stocks Boosted Market Shine
Among today's top gainer stocks, Tata Steel led the pack. Additionally, shares of HCL Tech, JSW Steel, SBI Life Insurance, and InterGlobe Aviation also saw impressive gains.
- Tata Steel: Closed at Rs 176.42 with a gain of Rs 4.48.
- HCL Tech: Climbed Rs 33.30 to reach Rs 1,486.50.
- JSW Steel: Closed at Rs 1,175.20, strengthening by Rs 2.62.
- SBI Life Insurance: Closed at Rs 1,809.80 with a rise of Rs 36.90.
- InterGlobe Aviation: Jumped Rs 89.50 to reach Rs 5,724.50.
Banks and Consumer Companies Dominated Top Loser Stocks
Today's top loser stocks included Axis Bank, Titan Company, Bharti Airtel, Tata Consumer Products, and Maruti Suzuki.
- Axis Bank: Closed at Rs 1,167.40 with a fall of Rs 13.20.
- Titan Company: Slipped Rs 15 to reach Rs 3,550.60.
- Bharti Airtel: Closed at Rs 1,942 with a slight decline of Rs 1.50.
- Tata Consumer Products: Fell Rs 2.20 to reach Rs 1,118.
- Maruti Suzuki: Weakened by Rs 27 to close at Rs 15,985.
Enthusiasm Also in Midcap and Smallcap Stocks
The Nifty Midcap and Smallcap indices also saw an uptrend. Investors actively bought into midcap companies. This indicates that retail investors' confidence in the market remains b.
Positive cues from global markets also boosted the Indian market's momentum. Most indices in Asian markets closed in the green. Additionally, an upward trend was observed in the US futures market, which strengthened domestic investor sentiment.
