Closing Bell: Sensex settled with a gain of 831 points at 60,138 and Nifty ended 258 points higher at 17,930
Published On: Monday, November 1, 2021 | By: Team KnowMyStock
The markets reversed its 3-day losing streak led by renewed buying interest in IT and select financial shares. The BSE Sensex reclaimed the 60,000-mark, and surged to a high of 60,220, before settling with a gain of 831 points at 60,138. The NSE Nifty touched a high of 17,954 and ended 258 points higher at 17,930. India VIX was down 1.4 percent at 17.18. The broader markets also logged strong gains. The BSE Midcap index surged 1.8 percent, while the Smallcap index moved up 1.1 percent. Among sectors, the BSE Realty index soared 3.7 percent, while the Telecom and Metal indices surged around 3.5 percent each. The IT index was up 2.3 percent, and the Bankex jumped 1.8 percent. The overall market breadth was also fairly positive, with 2,171 advancing shares versus 1,137 declining stocks on the BSE.
Among the Sensex 30 pack, InduInd Bank zoomed 7.5 per cent to Rs 1,225. Bharti Airtel finished with a solid gain of 4 per cent a day ahead of its Q2 results. HCL Technologies, Tata Steel, Tech Mahindra , Dr.Reddy's, SBI, Kotak Bank and TCS were the other major gainers.
Private home finance major HDFC ended with a gain of 1.7 per cent at Rs 2,893, while the company reported 31.7 per cent jump in Q2 net at Rs 3,780.5 crore for the quarter ended September 2021 as against Rs 2,870.1 crore in a year ago period.
Bajaj Finserv and Mahindra & Mahindra were the prominent losers, down around 1.5 per cent each.In the broader markets SAIL surged 9 per cent to Rs 125 on the back of record quarterly profit.Meanwhile, Nykaa IPO was subscribed 33.75x on the last day of subscription today. Fino Payments Bank was subscribed 40 per cent a day ahead of its closure.
Among the IPOs that opened today, Sigachi was subscribed 4.39x, PB Fintech (Policy Bazaar) was subscribed 19 per cent and S J S Enterprises received 8 per cent susbcription as per data from NSE website at 15:30 hrs.
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