Delhi, 29 October (H.S.): The domestic stock market demonstrated significant strength on Wednesday, with the Nifty 50 closing at its highest level in 13 months after overcoming early volatility. The rally led to a substantial single-day wealth gain of approximately ₹3.18 lakh crore for investors.The market opened with marginal gains, and while the first hour saw fluctuations, buyers soon took control and drove a sustained rally. At the closing bell, the Sensex had risen by 0.44% and the Nifty by 0.45%.
Investor wealth, reflected in the market capitalization of BSE-listed companies, surged to a provisional ₹474.29 lakh crore, up from ₹471.11 lakh crore on Tuesday.
Key Market Movements:
BSE Sensex: Opened slightly higher at 84,663.68. After a period of tug-of-war, the index surged to an intraday high of 85,105.83. It closed at 84,997.13, a gain of 368.97 point.
NSE Nifty: Began trading at 25,982 and climbed to a high of 26,097.85. It settled at 26,053.90, up 117.70 points. This marks the first time the Nifty has closed above the 26,000 mark since September 27, 2024, breaking a 13-month waiting period.
Sectoral and Stock Performance:
Strong buying was witnessed in Oil & Gas, Capital Goods, FMCG, Public Sector Enterprise, and Metal sectors.The broader market also saw strong performance, with the BSE Midcap index rising 0.68% and the Smallcap index gaining 0.56%.In contrast, the automobile sector experienced selling pressure.
Top Gainers: Adani Ports (2.60%), NTPC (2.46%), Power Grid Corporation (2.46%), HCL Technologies (2.31%), and Adani Enterprises (1.72%).
Top Losers: Dr. Reddy's Laboratories (-2.99%), Coal India (-2.40%), Bharat Electronics (-1.54%), Mahindra & Mahindra (-1.24%), and Eicher Motors (-1.24%).
Out of 4,325 stocks actively traded on the BSE, 2,482 advanced while 1,668 declined. On the NSE, 1,821 stocks closed in the green against 996 in the red.
---------------
Hindusthan Samachar / Jun Sarkar
