Stock Market Today: Nifty Ends Close To 26,000, Sensex Gains 600 Points As SBI Life, Grasim Ind Shares Lead
The Nifty Midcap 150 and Nifty Smallcap 250 ended higher.
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Markets At Close: Nifty, Sensex End Higher
Benchmark under performs broader market
Nifty 50 ends in green, above 25,900 mark
Reliance Industries Ltd. and Bharti Airtel Ltd. lead gains in Niftyby nearly 80 points
Nifty Midcap & Smallcap gains in trade
Grasim Industries and SBI Life Insurance Co are top Nifty gainers
Midcap gains led by Bank of India & Bharti Hexacom
Small cap gains led by Firstsource solution & Eclerx Services Ltd.
Nifty PSU bank emerges as top sectoral gainers, Gains led by Bank of India & Canara Bank
Nifty Media emerges as top sectoral losers, Nazara Technologies & Zee Entertainment fall the most
Nifty Realty gains for third day in a row
Nifty Auto snaps two day losing streak
Nifty Pharma falls for third day in a row
Nifty Metal gains for fourth day in a row
Rupee Closes Weaker Against US Dollar
Rupee weakened 39 paise to end at 88.24 against US Dollar
It closed at 87.85 a dollar on Friday
Source: Bloomberg
Lenskart IPO: Peyush Bansal's Secret Sauce — 'Opening A Store Near DMart'
With the Radhakishan Damani-backed Lenskart IPO just around the corner, CEO and co-founder, Peyush Bansal, has revealed a key secret — 'always open a store near a D-mart'.
Bansal, a household name now courtesy popular TV show Shark Tank India, expressed his delight in having Radhakishan Damani as an investor. In an exclusive interaction with NDTV Profit, the Lenskart CEO revealed that Damani has invested Rs 90 crore in Lenskart ahead of the IPO, which is set to open Oct 31.
Growth Momentum To Continue As Lower GST Rates Support: Sept Economic Review
India's growth momentum will continue because of improving domestic demand, lower inflation, monetary easing, the Ministry of Finance said in its monthly economic review for September.
Recent policy measures, including GST rate rationalisation, will likely keep inflation under control while it boosts demand in the economy. The Finance Ministry expects that the overall prices will remain soft in the remaining part of the ongoing financial year.
