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4 min read | Updated on November 05, 2024, 18:05 IST
SUMMARY
JSW Steel shares gained the most among benchmark NIFTY constituents settling 4.57% higher at ₹998.5 apiece. Tata Steel and Hindalco Industries emerged as the other major gainers among NIFTY shares. On the other hand, Trent, and Adani Ports and SEZ were the top losers.
Stock list
Out of the total 50 NIFTY constituents, 11 closed in the red including lead drags like Trent, Adani Ports and SEZ, and Asian Paints
Benchmark indices SENSEX and NIFTY closed in the green on Tuesday, November 5, registering a smart recovery led by metal and financial stocks.
The NIFTY50 closed at 24,213.3 with gains of 217.95 points, or 0.91%. During the intraday session, the key index hit a high of 24,229.05 and a low of 23,842.75.
The BSE SENSEX closed at 79,476.63, up 694.39 points, or 0.88%. The 30-share index oscillated between a low of 78,296.7 points and a high of 79,523.13 in the intraday trade.
Indian stock markets made a smart recovery from the meltdown on Monday, where the benchmark equity indices suffered their steepest losses in more than a month. However, uncertainty continued to prevail, amid the ongoing US Presidential elections and the expected outcome of the US Federal Reserve’s policy decision for November.
The US Federal Reserve is expected to announce a 25 basis points rate cut, according to experts. The rally in metal stocks also aided the recovery in key indices in the afternoon session. The metal stock traded in the green amid reports of China's national steel PMI increasing by 5.6 points to 54.6 in the month of October.
The sectoral indices NIFTY Metal and NIFTY Financial Services closed higher by 2.84% and 1.98%, respectively. On the other hand, FMCG and Media declined the most, closing lower by 0.34% and 0.23%, respectively.
Out of the total 50 NIFTY constituents, 11 closed in the red including lead drags like Trent, Adani Ports and SEZ, and Asian Paints.
Among other NIFTY constituents, HDFC Bank, IndusInd Bank and Grasim Industries were the gainers. The stocks closed higher by up to 2.67%.
Britannia Industries, Tech Mahindra and Hindustan Unilever settled in the red among other NIFTY constituents, declining up to 0.47%.
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