Sensex Surges Over 800 Points Led By Gains In Banking Stocks
The S&P BSE Sensex and NSE Nifty 50 indexes rallied to fresh intraday highs in afternoon trading led by gains in banking and information technology heavyweights such as HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank. The Sensex surged as much as 824 points and the Nifty 50 index moved above its important psychological level of 9,250.
As of 1:55Â pm, the Sensex was up 816 points or 2.66 per cent at 31,425Â and the Nifty 50 index climbed 225 points or 2.49Â per cent to 9,254.
HDFC Bank, ICICI Bank, HDFC, Kotak Mahindra Bank, Infosys and TCS collectively contributed over 350 points towards gain in the Sensex.
Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher, led by the Nifty Bank index's 3.6 per cent gain. Nifty Financial Services, IT, PSU Bank, Private Bank and Realty indexes also rose 1-3.7 per cent each.
On the other hand, Nifty Media index was top loser, down 0.6 per cent.
Mid- and small-cap shares were underperforming their larger peers; Nifty Midcap 100 index fell 0.07 per cent, while Nifty Smallcap 100 index was up 0.3 per cent.
Axis Bank was top gainer in the Nifty 50 basket of shares, the stock rose per cent to Rs 359.30. Grasim Industries, ICICI Bank, UPL, Bajaj Finance, Kotak Mahindra Bank, Bharat Petroleum, Wipro and Bharti Infratel were also among the gainers.
On the flip side, UltraTech Cement, Indian Oil, Zee Entertainment, Titan, Dr Reddy's Labs, Mahindra & Mahindra and Asian Paints were among the losers.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
