Last Updated: October 27, 2023, 15:40 IST
Sensex Today: Benchmark indices snapped a six-day dropping streak and ended larger with Nifty again above 19,000.The S&P BSE Sensex jumped 635 factors, or 1 per cent, to settle at 63,783 ranges, whereas the Nifty50 shut store 190 factors larger at 19,047.
HCL Tech, Adani Enterprises, Axis financial institution, Coal India, SBI, Tata Motors, Eicher Motors, Bajaj Auto, NTPC, ONGC, Nestle India, IndusInd Bank, Cipla, Reliance Industries, Adani Ports, Infosys, and L&T had been the highest massive-cap gainers, up within the vary of 1.5 per cent to three per cent.
In the broader markets, the BSE MidCap and SmallCap indices surged 1.7 per cent and 1.9 per cent, respectively.
With at the moment’s rebound, the volatility index, India VIX, eased almost 8 per cent at the moment to round 11 ranges.
Among particular person shares, Karnataka Bank rose 5 per cent after the board of the financial institution accredited the allotment of Rs 800 crore on a preferential foundation.
Meanwhile, Vodafone Idea shares traded almost 3 per cent larger regardless of its consolidated internet loss widened to Rs 8,738 crore in Q2 FY24 from Rs 7,595 crore in Q2 FY23.
“The US economy’s resilience is surprising. The Q3 GDP growth at 4.9% means the Fed will continue to be hawkish and the likely ‘higher for longer’ interest rate regime is negative from the stock market perspective,” mentioned V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
“On the positive side, valuations in India, which were high, have now turned fair and in sectors like banking valuations are attractive. This is the time for cherry picking for long-term investors,” Vijayakumar mentioned.
