Sensex up 394 pts, Nifty reclaims 19,800 amid broad-based buying

Sensex up 394 pts, Nifty reclaims 19,800 amid broad-based buying

Ira Singh
11 Oct’23

The Indian equity benchmark indices traded in the green on Wednesday as encouraging trends in the global market boosted investor sentiments.

At close, the Sensex was up 393.69 points or 0.60 percent at 66,473.05, and the Nifty was up 121.50 points or 0.62 percent at 19,811.35. About 2275 shares advanced, 1283 shares declined, and 132 shares unchanged.

Stocks and Sectors

Hero MotoCorp, Wipro, Grasim Industries, UltraTech Cement and Dr Reddy’s Laboratories were the top gainers on the Nifty, while losers included HCL Technologies, Adani Ports, SBI, Coal India and TCS.

On the sectoral front, except PSU Bank, all other indices ended in the green with auto, FMCG, metal, pharma, power, oil & gas and realty up 0.5-1 percent.

BSE midcap index rose 0.5 percent and smallcap index added 0.7 percent.

On 11 Oct’23,the Indian rupee appreciated 3 paise to close at 83.22 against the US dollar tracking cues from positive equity markets and a weaker American currency against major rivals overseas.According to forex trader, selling pressure from foreign equity investors weighed on the Indian currency.

Experts Take:

Market experts have recommended six stocks to buy for Wednesday- JSW Steel, Escorts, IRCTC, Sonata Software, ITC and Bharti Airtel.