
The Indian stock market resumed its upward momentum after six consecutive days of losses, with the Sensex surging over 550 points and the Nifty gaining 200 points on October 8, 2024. A broad-based recovery was seen across sectors, except for Nifty Metal, which remained in the red. Midcap and smallcap indices performed notably well, outperforming the benchmark indices.
Top Gainers: Among the Nifty 50 gainers, Trent led the charge, soaring by 7.95% with its stock price touching ₹8,042.00. Adani Ports and Adani Enterprises followed closely, posting gains of 6.58% and 4.94%, respectively. These stocks saw strong buying interest, contributing to the positive sentiment in the market.
Sectoral Performance: While most sectors ended in the green, it was a difficult day for Nifty Metal, which continued to struggle amid market volatility. However, sectors like Nifty Auto, Nifty Bank, and Nifty FMCG saw solid performance, pushing the indices higher.
Data taken from NSE website.
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