Sensex snaps 6-day losing streak soars 635 pts; Nifty above 19,000

Sensex snaps 6-day losing streak soars 635 pts; Nifty above 19,000

Ira Singh
27 Oct’23

The Indian equity benchmark indices rebounded on Friday after facing massive drubbing of late amid recovery in Asian markets.Most sectors contributed to the up move wherein realty, energy and financials were among the top performers.

At close, the Sensex was up 634.65 points or 1.01 percent at 63,782.80, and the Nifty was up 190.00 points or 1.01 percent at 19,047.25. About 2673 shares advanced, 825 shares declined, and 125 shares unchanged.

Stocks and Sectors
Axis Bank, Coal India, HCL Technologies, SBI and Adani Enterprises were the top gainers on the Nifty, while the losers included Dr Reddy’s Laboratories, SBI Life Insurance, UPL, ITC and Asian Paints.

On the sectoral front,all indices ended in the green with PSU Bank index up 4 percent.BSE Midcap and Smallcap indices up nearly 2 percent each.

On 27 Oct’23,the Indian rupee ends 2 paise lower to close at 83.25 against the US dollar; falls 0.1% for the week,amid lack of fresh triggers, while intermittent dollar sales by the central bank and positive trend in domestic equities prevented a fall towards the record low.

Experts Take:
Market experts have recommended six stocks to buy for Friday-ACC, Voltas, Avalon Technologies, McDpwell – N, Xpro India and AWHCL.