On October 7, the domestic stock market remained b. The Sensex closed above 81,800 with a gain of approximately 100 points, and the Nifty closed above 25,000. Broader market indices, Midcap and Smallcap, also ended in the green. Bajaj Finance, Power Grid, and Tata Steel were the top gainers, while Trent and Axis Bank incurred losses.
Stock Market Today: On Tuesday, October 7, the domestic stock market witnessed a positive trend. The BSE Sensex opened at 81,974.09 and closed above 81,800 with a gain of approximately 100 points, while the NSE Nifty opened at 25,139.70 and closed above 25,000. In the broader market, Nifty Midcap and Smallcap also closed in the green. Bajaj Finance, Power Grid, Tata Steel, and ICICI Bank were the top gainers on the Sensex, while Trent, Axis Bank, and TCS incurred losses.
Sensex and Nifty Status
At the start of the day, the BSE Sensex began trading at 81,974.09 points, rising by 183.97 points. Meanwhile, the NSE Nifty climbed 62.05 points to reach 25,139.70 points. The market saw slight fluctuations in the latter half of the day, but ultimately, both indices closed in the green. The Sensex closed above the 81,800 level with a gain of approximately 100 points. The Nifty also closed above 25,000 with a rise of about 20 points.
Looking at the broader market situation, the Nifty Bank closed below 100 points with flat trading. Nifty Midcap and Nifty Smallcap closed in the green, around 270 points and 60 points respectively. This indicates that investor confidence remains b in mid-cap and small-cap stocks as well.
Today's Top Gainers
Among the 30 companies included in the Sensex, several prominent stocks traded with gains. These included Bajaj Finance, Power Grid, Tata Steel, ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, and Ultratech Cement. The surge in these companies' shares increased the likelihood of good returns for investors.
Stocks That Incurred Losses
However, shares of some major companies were in the red today. These included Trent, Axis Bank, Tata Consultancy Services, and Infosys. Selling pressure was observed in the shares of these companies.
Impact of Government Decisions on the Market
A significant reason for the positivity in today's market was also the approval of four new railway projects by the Union Cabinet. These projects have a total cost of ₹24,634 crore and will cover 18 districts and 3,633 villages across Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh.
The completion of these railway projects will directly benefit approximately 85.84 lakh people. The new lines will improve train speeds, reduce delays, and multi-tracking will facilitate the operation of both passenger and freight trains. Additionally, local employment opportunities will increase, and economic activities will be stimulated.
