The domestic stock market closed strongly on Monday, the first trading session of the week. The Bombay Stock Exchange benchmark closed the session strongly at 81,973.05 with a gain of 591.69 points. Similarly, Nifty of National Stock Exchange also closed at the level of 25127.95 with an increase of 163.7 points. Wipro, Tech Mahindra, HDFC Life Insurance, L&T and HDFC Bank emerged as the top gainers in Nifty 50 in today’s session. Whereas in Nifty 50, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance and UltraTech Cement emerged as the biggest losing stocks.
There was movement in the market due to these reasons
According to the news, except Metal and Media, all other sectoral indices closed in the green, in which Information Technology (IT), Bank, Realty recorded a rise of 1 percent each. The BSE Midcap index registered a rise of 0.3 per cent and the Smallcap index recorded a flat decline. Sensex and Nifty remained bullish on Monday as investors’ focus remained on the earnings reports of Reliance Industries and HCL Tech. Also, domestic inflation data is the center of attention for signals of possible interest rate cuts.
These stocks reached new one year high in intraday trade
As many as 249 stocks, including HCL Tech, Tech Mahindra, Persistent Systems, Trent and Divi’s Labs, touched their new one-year high in intraday trade on BSE on Monday. According to Livemint, Coforge, Dixon Technologies, Gujarat Fluorochemicals, Ipca Laboratories, Mankind Pharma, Oberoi Realty, Page Industries, National Aluminum Company and Glenmark Pharmaceuticals also touched their 52-week highs in intraday trade.
Wholesale inflation on fire
On a monthly basis, wholesale inflation increased from 1.31 percent to 1.84 percent in September 2024. The wholesale inflation rate of food directly increased from 3.26 percent to 9.47 percent. Similarly, the inflation rate of vegetables increased from -10.01 percent to 48.73 percent. Wholesale inflation of potatoes increased from 77.96 percent to 78.13 percent.
