Micro-cap and small-cap stocks had a great day, seeing the most significant gains in the stock market.
However, the broader Nifty 50 and Nifty 100 indices didn’t fare as well, both closing in the red.
In terms of sectors, the metal and consumer durables sectors performed exceptionally, registering significant increases, while healthcare and realty sectors experienced notable declines.
Interestingly, other Asian markets also closed in the red today, reflecting a broader trend.
Here are the top gainers in Stock Market the Nifty 50:
- Hero Moto – Rs 3,161.00, up by 2.02%
- JSW Steel – Rs 790.70, up by 1.73%
- Tata Steel – Rs 127.00, up by 1.56%
- LTIMindtree – Rs 5,162.45, up by 1.32%
- Coal India – Rs 312.00, up by 1.32%
On the flip side, the top losers in Stock Market the Nifty 50 included:
- Nestle – Rs 23,108.55, down by 1.89%
- TCS – Rs 3,524.05, down by 1.31%
- IndusInd Bank – Rs 1,446.40, down by 1.18%
- Asian Paints – Rs 3,112.05, down by 1.17%
- Divi’s Labs – Rs 3,655.20, down by 2.15%
In other news, India’s passenger vehicle wholesale numbers showed a 4.7% increase in the July-Sept quarter, reaching 10.74 lakh units, marking the highest for any quarter.
Wholesale inflation in India continued to stay in the negative at -0.26% for the 6th consecutive month in September, indicating a fall in prices.
The government is mulling over the possibility of introducing another production-linked incentive (PLI) scheme, this time for batteries, as mentioned by Union Minister R K Singh.
Additionally, the total box-office collection for the first nine months of 2023 reached Rs 8,798 crore, with expectations that 2023 will be the highest-grossing year, surpassing Rs 12,000 crore in collections, as reported by Ormax Media.
Some noteworthy stock-related developments include:
- Cochin Shipyard securing a substantial order of Rs 313.4 crore from the Ministry of Defence.
- Kalpataru Projects receiving new orders worth Rs 2,217 crore in both domestic and international markets.
- Reliance’s Jio Financial Services reporting a net profit of Rs 668 crore.
Now, looking at the day’s market changes:
- Gold gained, with a 0.94% increase, reaching ₹58,748.
- Silver also saw an increase of 1.05%, reaching ₹70,563.
- The USD-INR exchange rate experienced a slight decrease of 0.01%, settling at ₹83.29/USD.
- In the US, the Dow Jones index rose by 0.12% to 33,670.29, while the Nasdaq fell by 1.23% to 13,407.23.
For the long-term investors, here are the past 20-year returns In Stock Market
- Sensex in India has grown at an annual rate of 13.91%.
- Nifty in India has seen an annual growth rate of 13.54%.
- In the US, the Dow Jones has grown at an annual rate of 6.38%.
- The Nasdaq in the US has recorded an annual growth rate of 10.16%.