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Market bounces back; Nifty above 24,300
Oct 28 2024 6:36PM
Indian equity markets snaped a five-day losing streak and ended on a strong note on October 28, with the Nifty inching closer to 24,500, intraday, amid buying across sectors especially banking and metal stocks.

At close, the Sensex was up 602.75 points or 0.76 percent at 80,005.04, and the Nifty was up 158.35 points or 0.65 percent at 24,339.15.

Despite mixed global cues, the Indian indices opened on a positive note and extended the gains during the day however, profit booking at higher levels erased some of the intraday gains.

Biggest Nifty gainers included Shriram Finance, Adani Enterprises, ICICI Bank, Eicher Motors and Wipro, while losers were Coal India, Bajaj Auto, Axis Bank, Kotak Mahindra Bank and Hero MotoCorp.

All the sectoral indices ended in the green with PSU Bank index rose 3.8 percent, Metal index added 2.5 percent, while pharma, media, realty up more than 1 percent each.

The BSE midcap index was up 0.7 percent and smallcap index gained 1 percent.

More than 130 stocks touched their 52-high on the BSE, including, Anup Engineering, CarTrade Tech, Cigniti Technologies, Coforge, Deepak Fertiliers, Firstsource Solutions, Kirloskar Pneumatic, Poly Medicure, Sharda Crop, Thyrocare Technologies, among others.

On the other hand, more than 140 stock touched their 52-low on the BSE, including, Aether Industries, Anupam Rasayan, Birla Corp, CreditAccess Grameen, Delhivery, GNFC, IDFC First Bank, Mahindra Life, Mishra Dhatu, Nestle, Poonawalla Fincorp, Prince Pipes, Rajesh Exports, Relaxo Footweare, Tanla Platforms, TCI Express, Trident, Vodafone Idea, among others.