Closing Bell: Indian Market rebounds; Sensex ends higher by 488 points, Nifty hovers on 17,790 level.

Closing Bell: Indian Market rebounds; Sensex ends higher by 488 points, Nifty hovers on 17,790 level.

by 5paisa Research Team Last Updated: Oct 29, 2021 - 02:43 pm 50.2k Views
Listen icon

At the closing bell, the Sensex ended 488 points or 0.8% higher at 59,677.8 and the broader Nifty 50 benchmark was up by 144.4 points or 0.8% to settle at 17,790.4.

Domestic equity benchmarks Sensex and Nifty 50 started Thursday's session on a strong note tracking gains across global markets. Investors showed keen buying interest across sectors which was led by auto, metal, financial, and consumer durable shares. Gains witnessed in broader markets also aided investor sentiment, with the midcap and smallcap indices up 1.1% and 1.3% respectively in early trade.

At the closing bell, the Sensex ended 488 points or 0.8% higher at 59,677.8 and the broader Nifty 50 benchmark was up by 144.4 points or 0.8% to settle at 17,790.4. Around 2096 shares have advanced, whereas 1023 shares declined, and 119 shares remain unchanged.

On the sectoral front, all the indices ended the trading session in green, except BSE Telecom and BSE Oil & Gas. BSE Realty, BSE Consumer Durables and BSE Auto have rallied up to 6.03% in Thursday's trading session.

Among the top gainers on October 7, 2021, were Tata Motors, Titan Company, M&M, Eicher Motors and Maruti Suzuki.

Tata Motors today, surged to their highest levels in nearly four years after Morgan Stanley Research upgraded the stock on expectations of encouraging annual earnings from the Jaguar Land Rover parent.

The brokerage increased its rating on Tata Motors to overweight from equal-weight maintained since 2017. It expected the automaker's India business to post a full-year profit after eight years of losses.

The other big gainer on Thursday was Titan which rallied over 10% to hit a record high of Rs 2,384.25. This movement was triggered after the company informed exchanges that it witnessed a strong recovery in demand after the second wave across its consumer businesses with sales moving swiftly above or close to pre-pandemic levels in most of the divisions.

Tomorrow is the RBI's scheduled policy review.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.