The Indian stock market experienced a positive trend today, with the Sensex jumping 535 points to reach 75,901.41, and the Nifty gaining 128.10 points to close at 22,957.25 ¹. The Nifty Bank index also saw a significant increase of 802.20 points, reaching 48,866.85.
Sector-wise Performance:
- Nifty Auto: Gained 293.70 points, reaching 22,264.15, with a 1.34% increase.
- Nifty IT: Declined by 240.05 points, reaching 41,820.65, with a 0.57% decrease.
- BSE SmallCap: Fell by 853.89 points, reaching 47,492.48, with a 1.77% decrease.
Top Gainers and Losers:
- HDFC Bank: Gained over 3%, with a target price of Rs 1,850.
- Tejas Networks: Recommended as a “buy” with a target price of Rs 1,100.
- Kaynes Tech: Dropped 17% after trimming FY25 revenue growth guidance.
- Apar Industries: Fell 20% due to weak Q3 results and margins impacted by competition from China.
The Indian stock market is expected to be volatile tomorrow, with the Nifty 50 index currently trading at 22,957.25, up 128.10 points or 0.56% from its previous close ¹. The Nifty Bank index has also seen a significant increase of 802.20 points, reaching 48,866.85, with a 1.67% gain.
Here are some key market statistics to watch out for tomorrow:
- Nifty 50: 22,957.25, up 128.10 points or 0.56% ¹
- Nifty Bank: 48,866.85, up 802.20 points or 1.67% ¹
- Nifty Next 50: 60,912.10, up 181.20 points or 0.3% ¹
- Nifty Midcap Select: 11,644.40, down 77.80 points or 0.66% ¹
In terms of global market trends, the S&P 500 index is currently trading at 6,023.00, with a 0.01% gain ². The Nasdaq index is trading at 21,171.80, with a 0.09% decline ³.
Please note that these numbers are subject to change and may not reflect the actual market performance tomorrow. It’s always a good idea to consult with a financial advisor or conduct your own research before making any investment decisions.
Source – Nse, Moneycontrol