Stock Market Daily Updates

Stock Market Bullish Sentiment Prevails in Today’s Market

Today’s stock market displayed a strong bullish trend, with positive momentum felt across various sectors and market caps. Investors found reason to smile as most stocks posted gains, and the realty sector particularly stood out with an impressive 3% rise. What’s more, the green tide extended to almost all Asian markets, excluding Japan.

Here are the top performers of the day:

Top Gainers in NIFTY 50:

Bajaj Finserv: Rs 1,634.65 (+5.97%)
Bajaj Finance: Rs 8,168.55 (+4.05%)
Titan: Rs 3,309.75 (+2.90%)
IndusInd Bank: Rs 1,434.80 (+2.35%)
Tata Consumer: Rs 874.75 (+1.69%)

Meanwhile, the top losers in NIFTY 50 were:

Top Losers in NIFTY 50:

HUL: Rs 2,499.40 (-0.80%)
Coal India: Rs 287.80 (-0.54%)
ONGC: Rs 181.45 (-0.41%)
Asian Paints: Rs 3,195.75 (-0.33%)
Airtel: Rs 926.05 (-0.30%)

Stock Market Stocks In the headlines:

TCS is set to consider a share buyback proposal on October 11.
Sun Pharma has submitted a New Drug Application in the US for an alopecia treatment.
IndiGo (InterGlobe) has introduced a fuel surcharge of up to Rs 1,000 to counter the rising Aviation Turbine Fuel (ATF) costs.
Apollo Micro Systems is planning to establish a new facility with a Rs 150 crore investment.

Also Read The Reserve Bank of India’s (RBI) Monetary Policy LIVE Updates

Looking at the 1-day change in key assets:

Gold witnessed a slight decline.
Silver also experienced a modest decrease.
The USD-INR exchange rate showed a slight dip.
In the United States, the Dow Jones experienced a minor decline.
The Nasdaq index also saw a slight drop.

For long-term investors:

Over the past 20 years, the Sensex in India has delivered an annual return of approximately 14.21%.
The Nifty has shown an annual return of about 13.80%.
In the United States, the Dow Jones has posted an annual return of around 6.40%.
The Nasdaq has displayed an annual return of approximately 10.24%.