Sensex up 567 pts;regains 66K as global markets rebound; Nifty near 19,700

Sensex up 567 pts;regains 66K as global markets rebound; Nifty near 19,700

Ira Singh
10 Oct’23

The Indian equity market indices rebounded on Tuesday amid positive trends in the Asian market. A day after witnessing a sharp slump, both Sensex and Nifty gained significantly despite concerns over the Israel-Hamas conflict that has also pushed crude oil prices higher.

At close, the Sensex was up 566.97 points or 0.87 percent at 66,079.36, and the Nifty was up 177.50 points or 0.91 percent at 19,689.85. About 2481 shares advanced, 1052 shares declined, and 135 shares unchanged.

Stocks and Sectors

Coal India, Bharti Airtel, Adani Ports, Hindalco Industries and Adani Enterprises were top gainers on the Nifty, while losers included IndusInd Bank, Cipla, Dr Reddy’s Laboratories, TCS and Asian Paints.

On the sectoral front,all indices ended in the green with realty index up 4 percent, while Information Technology, power, auto, metal and PSU Bank up 1-2 percent each.

BSE Midcap and smallcap indices up 1 percent each.

On 10 Oct’23,the Indian rupee settles 3 paise higher to close at 83.25 against the US dollar helped by positive equity market trends even as concerns remained over the conflict in the Middle East.

Experts Take:
Market experts have recommended 6 buy or sell stocks for Tuesday-Tata Consumer Products Ltd, LIC Housing Finance Ltd, Oil India Ltd, Avenue Supermarts Ltd (DMart), Sundram Fasteners Ltd, and DLF Ltd.