Closing Bell: Good start to October as Sensex ends almost 300 pts higher; Nifty above 11,000.
It’s a good start to the month of October for D-Street, with the Sensex closing around 300 points higher, while the Nifty closed above 11,000-mark.
A relief rally in financials pushed indices higher, while automobiles, metals and IT names ended in the green. Midcaps, too, recovered sharply from the day’s low points to end a percent higher on the Nifty.
At the close of market hours, the Sensex closed up 299 points or 0.8% at 36526.1, and the Nifty was higher by 77.8 points or 0.7% at 11008.3. The market breadth was negative though as 1,059 shares advanced, against a decline of 1,610 shares, while 359 shares were unchanged.
Yes Bank, ICICI Bank, and Hindalco are the top gainers, while Bharti Airtel, Axis Bank, and HPCL have lost the most.
HEADLINES OF THE DAY
Bharat Electronics gains 5% on favourable court order for sales tax demand.
Yes, Bank sees sharp recovery after management clears the air on a succession plan.
The crucial resistance for the Nifty spot is now seen at 11180 and above this 11320 Support for the immediate term is now placed at 10900 next support will be 10720.
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