Sensex gains 330 pts on gains in RIL & banks;Nifty closes above 19,100

Sensex gains 330 pts on gains in RIL & banks;Nifty closes above 19,100

Ira Singh
30 Oct’23

The Indian equity market ended higher for the second consecutive session on Monday as buying in index majors Reliance Industries, HDFC Bank and ICICI Bank helped the indices rebound from early lows amid a mixed trend in global markets. Besides, weakening Brent crude oil prices overseas also boosted investor confidence amid simmering tensions in the Middle East, traders said.

At close,the Sensex was up 329.85 points or 0.52 percent to end at 64,112.65 and the Nifty was up 93.65 points or 0.49 percent to close at 19,140.90.

Stocks and Sectors

BPCL, UltraTech Cement, ONGC, Reliance Industries and SBI Life Insurance were top gainers on the Nifty, while losers included UPL, Tata Motors, Maruti Suzuki, Bajaj Auto and Axis Bank.

On the sectoral front, except auto and FMCG, all other sectoral indices ended in the green with oil & gas and realty up 1 percent each.The BSE midcap and smallcap indices ended flat.

On 30 Oct’23,the Indian rupee traded flat to close at 83.26 against the US dollar amid stronger greenback and a negative trend in domestic equities. The local currency opened 1 paise lower at 83.26 a dollar as compared to Friday’s close of 83.25.

Experts Take:
Market experts have recommended six stocks to buy for Monday – Colpal, IndusInd Bank, Aarti Industries, Bata India, Trent and Vijaya Diagnostic Centre.