Sensex Gains 591 Pts & Nifty Closed at 25,127 on Oct 14, 2024

Daily Stock Market Update

Market Overview?

In today’s update, we’ll look into the latest developments in the stock market, highlighting key performances, significant gains, and trends that shaped the trading day. We’ll explore how strong buying activity and positive sentiment influenced market movements.

Market Summary

• Nifty ? ? ? ??25,127 [+163.70] 0.66
• Sensex? ??81,973 [+591.69] 0.73?

Reasons for Market Up

• A drop in oil prices positively impacted investor sentiment, particularly benefiting sectors sensitive to energy costs.?

• Stocks like HCL Tech and Tech Mahindra hitting one-year highs boosted the market, especially within the tech-heavy indices.

• Nearly 250 stocks, including several midcap and smallcap companies, reached 52-week highs, indicating broad market strength.

• Gains in large caps provided strong support to the market.

Top 3 Stocks That Gained The Most?

Nifty?

Wipro: +4.24

Tech Mahindra: +2.88

HDFC Life: +2.40

Sectors of the Day?

Nifty Realty:? +1.61

Nifty IT:? +1.27

Nifty Bank:? +1.26

• Wipro shares rose today after the company announced that its board will consider a bonus share issuance alongside its Q2 results.

IPO Performance

• Hyundai Motor India Limited IPO will be open for bidding from October 15, 2024, to October 17, 2024, with shares priced at ?1865 to ?1960 per share.

Key Events to Track For 15th October 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.?

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.?

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.?

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.?

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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