Closing Bell: Sensex breaches 61000 mark, Nifty scales 18,300; HDFC and ITC gain.

resr 5paisa Research Team 29th October 2021 - 02:54 pm
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The bull run continues in the Indian market as Sensex and Nifty close at record highs.

Indian markets have ended at record highs on Thursday, October 14, 2021. This is the sixth consecutive trading session where the domestic indices have closed in the green territory. Today's action was powered by gains in technology company stocks following upbeat results from top companies, Wipro and Infosys.

At the closing bell on Thursday, the Sensex closed at 61,305.65, higher by 568.90 points or 0.94%, while NSE Nifty settled at a record closing high of 18,338.55, up 176.50 points or 0.97%. The broader markets also performed well, with the BSE Midcap index and BSE Smallcap index adding 0.5%. On the advance-decline ratio, around 1596 shares have advanced, 1541 shares declined, and 103 shares were unchanged.

Banks lead the market higher in Thursday's trading session with HDFC Bank being the top contributor.

Among the top gainers on October 14 were, Adani Ports, Wipro, Grasim, ITC, ICICI and HDFC Bank. Top losers of the day were Coal India, Eicher Motors, Tata Motors, and TCS.

On sectoral basis, except auto, all other sectoral indices ended in the green. IT, infra, PSU Bank, realty, power and metal indices were up a per cent each.

According to market experts, the Indian market sustained its upbeat mood supported by a positive global market, favourable inflation data and an up move in IT shares, following strong earnings reports by sector majors. India’s September retail inflation eased sharply to 4.35% against 5.30% in August, owing to a decline in food price while wholesale inflation stood at 10.66% compared to 11.39% in the previous month. Banking stocks contributed to the rally and remained in focus as the sector is set to kickstart its earnings season soon.

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