The domestic stock market closed higher on Monday, the first trading session of the week. The benchmark Bombay Stock Exchange closed the session strongly at 81,973.05 with a gain of 591.69 points. Similar to Nifty, the National Stock Exchange also closed at 25127.95 with a rise of 163.7 points. Wipro, Tech Mahindra, HDFC Life Insurance, L&T and HDFC Bank emerged as top gainers in Nifty 50 in today’s session. Meanwhile, in Nifty 50, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance and UltraTech Cement emerged as the biggest losers.
There is movement in the market for this reason
According to reports, except for Metals and Media, all other sectoral indices closed in the green zone, where Information Technology (IT), Banks, Realty each recorded an increase of 1 percent. The BSE Midcap index recorded a rise of 0.3 per cent and the Smallcap index registered a flat decline. Sensex and Nifty remained bullish on Monday as investors’ focus remained on Reliance Industries and HCL Tech earnings reports. Apart from that, domestic inflation data is also the center of attention to look for signals of a possible reduction in interest rates.
These stocks hit new one-year highs in intraday trading
As many as 249 stocks, including HCL Tech, Tech Mahindra, Persistent Systems, Trent and Divi’s Labs, touched a fresh one-year high in intraday trade on the BSE on Monday. According to Livemint, Coforge, Dixon Technologies, Gujarat Fluorochemicals, Ipca Laboratories, Mankind Pharma, Oberoi Realty, Page Industries, National Aluminum Company and Glenmark Pharmaceuticals also touched 52-week highs in intraday trading.
Wholesale inflation is on fire
On a monthly basis, inflation increased from 1.31 percent to 1.84 percent in September 2024. The inflation rate for the large food group immediately increased from 3.26 percent to 9.47 percent. Likewise, the vegetable inflation rate increased from -10.01 percent to 48.73 percent. Wholesale potato inflation increased from 77.96 percent to 78.13 percent.
Latest Business News
