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  5. Indices extend gains; SENSEX up 550 pts, NIFTY50 above 24,350; IT stocks rally, Titan slips over 3%

Market News

Indices extend gains; SENSEX up 550 pts, NIFTY50 above 24,350; IT stocks rally, Titan slips over 3%

Upstox
By Upstox News Desk

2 min read | Updated on November 06, 2024, 10:06 IST

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SUMMARY

At 10:02 AM, the S&P BSE SENSEX was trading at 80,068.50 levels, up 591.87 points, or 0.74% while the broader NIFTY50 index was trading at 24,393.35 levels, up 180.05 points, or 0.74%.

Stock list

HCLTECH
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TITAN
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HINDZINC
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BEL
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The BSE MidCap index was trading at 46,332.22 levels, up 435.23 points, or 0.95%.

The BSE MidCap index was trading at 46,332.22 levels, up 435.23 points, or 0.95%.

Stock market today: The domestic stock market opened in the green on Wednesday, November 6, amid healthy buying in technology, banking, and financial counters. 

At 10:02 AM, the S&P BSE SENSEX was trading at 80,068.50 levels, up 591.87 points, or 0.74% while the broader NIFTY50 index was trading at 24,393.35 levels, up 180.05 points, or 0.74%. 

The top gainers on the NSE were Apollo Hospitals, HCL Tech, ICICI Bank, BEL, and HeroMoto Corp. The top losers were Titan Company, Tata Steel, Hindalco, JSW Steel, and Tata Motors. 

Buzzing Stocks

Titan Company shares fell as much as 3.58% to ₹3,117 apiece on the BSE after the company reported a weak set of numbers for the September quarter. 
Hindustan Zinc shares were down over 7% at ₹519 apiece on the BSE as the government plans to sell up to a 2.5% stake in the company at a floor price of ₹505 per share through an offer for sale (OFS).

The two-day OFS opens for institutional bidders today, and for retail investors, it will open on Thursday.

Broader Market

The BSE MidCap index was trading at 46,332.22 levels, up 435.23 points, or 0.95%. The BSE SmallCap index was trading at 55,430.07 levels, up 499.25 points or 0.91%.

Sector Watch

Barring metals pack, all the sectoral indices were trading in the green. Realty stocks were leading the gains on the BSE, followed by IT stocks.

The BSE Realty index was trading 1.82% higher at 7,835.50 levels. 

Market Statistics

The market breadth was in favour of bulls, as out of 3,163 stocks traded on the BSE, 2,433 advanced and 614 declined, while 116 scrips remained unchanged. 

Global Markets

US stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the US presidential election.

Trump took the early lead over Democrat Kamala Harris as solid Republican-leaning states reported first, but critical battleground races in the handful of states likely to decide the election were unlikely to be called for hours.

ALSO READ | This small-cap IT firm, whose stock is down 21% YTD, reports 8% YoY growth in Q2 revenue; check operational highlights

In commodities, oil prices fell on Wednesday as early poll results in the US election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency.

(With inputs from Reuters)

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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