MARKET UPDATE:Sensex up 432 points to 60,110 while Nifty advanced 126 points to 17,917
Published On: Friday, October 8, 2021 | By: Team KnowMyStock
Indian domestic benchmark equity indices extended their gains today(8th Oct.2021), led by strong global cues and RBI's decision to maintain status quo. Auto and metal stocks saw buying while realty names were under pressure. “The market looks very volatile at the current position. We advise investors to book partial profits and keep a bit of cash balance in hand," said a expert. After opening in the green, benchmark indices maintained the lead. At 10.45 am, BSE flagship Sensex was up 432 points or 0.72 per cent to 60,110. NSE benchmark Nifty advanced 126 points or 0.71 per cent to 17,917.
“On technical front, 17,920 level is a good resistance at the moment but any move above 17,920 can push Nifty to the level of 18,100. On the downside, 17,620 is a strong support for Nifty today,” said Mohit Nigam, Head - PMS, Hem Securities.
In the 50-share pack Nifty, Tata Motors was the biggest gainer, up 3.81 per cent. Tata Steel, ONGC, Grasim Industries, Eicher Motors, L&T, Indian Oil and SBI Life Insurance were among other gainers.
Coal India was the top loser in the pack, down 1.63 per cent. HCL Tech, Asian Paints, HUL, HDFC and HDFC Bank were among those that traded in the red.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, after rallying 2.1 per cent the day before, its biggest daily gain since August. Japan's Nikkei index advanced 1.8 per cent.
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