Closing Bell: Sensex ended 109 points lower at 60,029 while Nifty settled with a loss of 41 points at 17,889
Published On: Tuesday, November 2, 2021 | By: Team KnowMyStock
The broader markets outperformed the key benchmark indices in trade today(2nd Nov.2021) on the back of buying in auto and realty shares. The BSE benchmark index, the Sensex, jumped to a high of 60,421 in early trade, but eventually ended 109 points lower at 60,029. The NSE Nifty rallied past the 18,000-mark, in opening deals to a high of 18,012, but soon the rally fizzled and the index dropped to a low of 17,848. The Nifty 50 index finally settled with a loss of 41 points at 17,889. The broader markets outperformed the key benchmark indices with a huge margin. The BSE Midcap index was up 0.6 percent at 25,869, and the Smallcap index surged 1.1 percent to 28,607. The overall market breadth was also fairly positive, with 1,952 advancing shares as against 1,301 declining stocks on the BSE.
Tata Steel down 3.5 per cent at Rs 1,319 was the top loser among the Sensex 30 stocks. Tech Mahindra, HCL Technologies, IndusInd Bank, Reliance, Dr.Reddy's, PowerGrid Corporation, Nestle India and Asian Paints were down 1-2 per cent each. On the positive front, Maruti, NTPC, Titan, SBI and Larsen & Toubro were up 1-2 per cent each.
Among sectors, the BSE Realty index zoomed 3.6 per cent. The Auto and Consumer Durables indices surged over a per cent each. On the flip side, the Metal index shed 1.7 per cent, and the Energy index was down 1.1 per cent.
In the broader markets, Allcargo Logistics hit the 20 per cent upper circuit at Rs 328.95, also its fresh life-time high, after the company’s reported 355 per cent year-on-year (YoY) jump in consolidated net profit at Rs 264 crore in September quarter (Q2FY22).
Primary Market Update: Fino Payments Bank IPO was subscribed 1.9x on the final day of subscription. Sigachi Industries was subscribed 20.15x, Policy Bazaar 69 per cent and S J S Enterprises 46 per cent.
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