Market Mayhem: Sensex gains 742 pts; Nifty ends above 19,600

Ira Singh
Khabar Khabaron Ki,15 Nov’23

The Indian equity market indices climbed in early trade on Wednesday amid a rally in global markets on favourable US inflation data.

At close,the Sensex was up 742.06 points or 1.14 percent at 65,675.93, and the Nifty was up 231.90 points or 1.19 percent at 19,675.45. The index surpassed 19,600 for the first time since October 19.

Stocks and Sectors

Eicher Motors, Tech Mahindra, Hindalco Industries, Tata Motors and Infosys were the top gainers on the Nifty, while losers included Bajaj Finance, Power Grid Corporation, IndusInd Bank.

On the sectoral front,all indices ended in the green with capital goods, auto, metal, information technology, oil & gas and realty up 1-3 percent.BSE Midcap and Smallcap indices up 1 percent each.

On 15 Nov’23, the Indian rupee appreciated 32 paise to close at 83.01 against the US dollar in early trade on Wednesday as the American currency retreated from its elevated levels after US inflation came lower than expected.Forex traders said the rupee opened on a bullish note as the American currency weakened after US Inflation eased to its lowest level since September 2021.

Experts Take:
Market experts have recommended five stocks to buy for Wednesday- M&M, IndusInd Bank, Coal India, Hindustan Copper and Sun TV.