The Indian stock market benchmark indices, the Sensex and Nifty 50, ended higher on Friday, October 30, the final trading session of the month, led by gains in IT, pharma and healthcare stocks.
The Sensex gained 308.49 points, or 0.42%, to close at 74,459.53, while the Nifty 50 settled 116.35 points, or 0.51%, higher at 23,053.10. The Bank Nifty index slipped 222.70 points, or 0.41%, to end at 54,686.95.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The broader markets bucked the trend, as the Nifty Smallcap 100 index plunged 1.85% and the Nifty Midcap 100 index dropped 0.93%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Among sectors, Nifty IT was the top gainer, surging more than 2%, followed by Nifty Pharma and Nifty Healthcare indices. In contrast, selling was seen in Nifty Auto, Nifty FMCG, Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Oil & Gas.
Trent, InterGlobe Aviation, Infosys, Apollo Hospitals Enterprise and PowerGrid Corporation of India were the top gainers on the Nifty 50 index.
Investors also reacted to the September quarter earnings, with as many as 213 companies scheduled to announce their Q2 FY27 results on Friday.
Meanwhile, the Indian rupee firmed 0.27% to close at 94.95 against the US dollar amid a softer greenback and cooling US Treasury yields.
ALSO READ: Gold, Silver Lose Shine: Yellow Metal Falls Below Rs 1,42,000, Silver Price Crashes By Rs 5,400
However, sentiment remained volatile over elevated crude oil prices, with Brent oil trading above $116 a barrel.
“We are turning constructive on Indian equities for the near term. The worst of the FII selling pressure appears behind us, and as dollar weakness accelerates, we expect fresh capital flows into Indian markets,” said Gaurav Bhandari. CEO, Monarch Networth Capital Limited.
He advises investors to use any interim dips as an opportunity to build positions in quality names across financials, infrastructure, and domestic consumption themes.
Technical View
Nifty 50 surpassed the hurdle of 23,000, which was a crucial level hurdle for the ongoing recovery.
“A decisive breakout above 23,000, followed by sustained buying, could extend the upward momentum towards the 23,200 zone, which also coincides with the 50-day EMA and is likely to act as the next key resistance,” said Ponmudi R, CEO of Enrich Money.
On the downside, 22,800 remains the immediate support zone. A sustained hold above this level could help preserve the positive momentum, while a breakdown may trigger renewed selling pressure.
ALSO READ: Catch Q2 Results Live Updates Here
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
