New Delhi, Oct 29 (UNI) The stock market wrapped the day up on a positive note today in anticipation of the US Federal Reserve’s interest rate decision. At close, the Sensex was up 368.97 points or 0.44% at 84,997.13, and the Nifty was up 117.70 points or 0.45% at 26,053.90.
Nifty Midcap Index also touched a fresh 52-week high, crossing 60,000 for the first time since October 3, 2024. On the other hand, Nifty Smallcap index rose 0.4%.
A potential US-China trade agreement has also improved the market sentiment. Among the sectors, the Nifty Metal and Oil & Gas indices excelled, climbing by almost 2%. On the other hand, Auto sector and certain banking stocks experienced slight profit taking. On Nifty50, around 36 stocks ended higher including NTPC Ltd (up 2.90%), Adani Ports and Special Economic Zone Ltd (up 2.69%), Oil and Natural Gas Corporation Ltd (ONGC) (up 2.61%) and Power Grid Corporation of India Ltd (up 2.43%).
On the other hand, shares of Dr Reddys Laboratories Ltd (down 2.40%), Coal India Ltd (down 2.16%), Bharat Electronics Ltd (BEL) (down 1.44%) and Eternal Ltd (down 1.18%) ended as the top losers.
Nearly 179 stocks hit their 52-week highs in intraday trade while 78 stocks hit their 52-week lows on the BSE.
The key names hitting high included Amber Enterprises India, AU Small Finance Bank, Bank of Baroda, and Bank of India while those on lows were Westlife Foodworld, and Cohance Lifesciences.
Out of 4,335 stocks traded on the BSE, 2,482 advanced, while 1,668 declined. Some 185 stocks remained unchanged. Power financing firms such as REC and Power Finance Corporation closed with gains of over 4%. Adani Green Energy and Varun Beverages also reacted positively to their quarterly numbers, ending with gains of 11% and 9%, respectively.
Further, the Asset Management Companies (AMCs) like Nuvama Wealth Management, Nippon Life India Asset Management, HDFC Asset Management Company, Anand Rathi Wealth, and UTI Asset Management Company closed with losses ranging between 3% and 7%. The shares of metal stocks jumped in trade with the Steel Authority of India (SAIL) soared nearly 8% to trade at Rs 142 apiece. Hindustan Copper shares jumped over 3% while Hindustan Zinc and NMDC shares jumped nearly 3%. Vedanta, JSW Steel and Tata Steel shares rose over 2% each, and the Jindal Stainless Steel and National Aluminium Company (NALCO) shares rose over 1% each.
