Stock market snaps 2-day losing streak; Sensex gains 405 pts,Nifty nears 19,550

Stock market snaps 2-day losing streak; Sensex gains 405 pts,Nifty nears 19,550

Ira Singh
5 Oct’23

The Indian equity benchmark indices snapped 2-day losing run on Thursday amid recovery in global markets and ended higher with Nifty around 19,550.

At close, the Sensex was up 405.53 points or 0.62 percent at 65,631.57, and the Nifty was up 109.65 points or 0.56 percent at 19,545.75. About 2178 shares advanced, 1361 shares declined, and 121 shares unchanged.

Stocks and Sectors

Bajaj Auto, Larsen & Toubro, Titan Company, M&M and TCS were among the top gainers on the Nifty, while losers included Power Grid Corporation, Hindalco Industries, Cipla, NTPC and Nestle India.

On the sectoral front, auto, bank, Information Technology and capital goods up 0.5-1 percent, while selling was seen in the pharma, power and PSU Banking names.

BSE midcap index ended on a flat note, while smallcap index added 0.6 percent.

On 5 Oct’23,the Indian rupee ended flat to close at 83.25 against the US dollar.

Experts Take:
Market experts have recommended five stocks to buy or sell for Thursday -HDFC Bank, Escorts, Axis Bank, VST Tillers and Ramco Cement.