New Delhi, Oct 15 (UNI) The stock market today snapped the two-day losing streak and ended at one-month high amidst positive cues from global markets and expectations of the US Fed rate cuts.
Nifty 50 closed above 25,300 amid broad-based buying.
At close, the Sensex was up 575.45 points or 0.70 percent at 82,605.43, and the Nifty was up 178.05 points or 0.71 pc at 25,323.55.
The BSE Midcap index added one percent and Smallcap index jumped 0.7 pc.
The overall market capitalisation of BSE-listed firms rose to nearly Rs 464 lakh crore from about Rs 460 lakh crore in the previous session.
Among the sectors, Nifty Realty clocked a strong gain of 3.04 pc. PSU Bank was up by 1.67 pc, Metal up by 1 pc, and FMCG by 1 pc clocking healthy gains. Nifty Bank rose 0.54 pc while Financial Services by 0.91 pc.
On Nifty50, around 38 stocks ended higher. These included Bajaj Finance up by 4.07 pc, Nestle India up by 3.98 pc, and Bajaj Finserv up by 3.14 pc ending as the top gainers.
On the other hand, shares of Infosys was down by 1.04 pc, Bajaj Auto down by 0.96 pc, and Tata Motors was down by 0.90 pc.
Out of 4,326 stocks traded on the BSE, 2,503 advanced, while 1,659 declined. Some 164 stocks remained unchanged.
Around 149 stocks hit their 52-week highs in intraday trade while 137 stocks hit their 52-week lows on the BSE.
Those hitting high included Bajaj Finance, Eternal, Canara Bank, Cholamandalam Investment and Finance Company, L&T Finance, Bank of Maharashtra, MCX, RBL Bank, and Tata Communications among others.
While those on the lows included Godrej Agrovet, KNR Constructions, Vedant Fashions, SKF India, and Westlife Foodworld among others.
In terms of individual performances, Persistent Systems shares added 7 pc on higher Q2 profit, ICICI Lombard shares rose 8 pc on Q2 profit, Godrej Properties shares rose 3.5 pc on acquiring land parcel near Bengaluru.
Globally, positive cues influenced domestic market sentiment amid expectations of the US Fed rate cuts.
