It was a blockbuster day for investors and traders on Dalal Street as Sensex and Nifty jumped over 1 percent each. At close, Sensex surged 742 points at 65675 mark while Nifty jumped 231 points at 19,675 level.
US inflation data increased 3.2 percent YoY in October, beating an estimated 3.3 percent rise, amid lower gasoline prices. Also, India’s headline retail inflation rate moderated to 4.87 percent in October on the back of a favourable base effect and cooling prices of some items.
Around 1536 stocks advanced and 926 declined while 103 stocks remained unchanged on the Nifty50 index.
145 stocks hit upper circuit while 196 stocks hit 52-week high on NSE Nifty50 index.
The surge in the stock market was largely aided by inflation data of US wherein retail inflation in the US increased 3.2 percent YoY in October, beating an estimated 3.3 percent rise, amid lower gasoline prices, while underlying inflation showed signs of a slowdown.
India VIX shed 0.54 percent and closed at 11.13 level.
Also, India’s headline retail inflation rate moderated to 4.87 percent in October on the back of a favourable base effect and cooling prices of some items.
The headline inflation has fallen below the 5-percent mark for the first time since June. With this, the retail inflation also remained within the Reserve Bank of India’s tolerance range of 2-6 percent for a second month in a row.
Asian Markets end strong:
Hang Seng – Up 3.77%
Nikkei – Up 2.46%
Kospi – Up 2.15%
Taiwan Weighted – Up 1.24%
SET Composite – Up 2.06%
Shanghai Composite – Up 0.55%
Top Nifty50 gainers:
Most active shares on NSE in terms of volumes:
Among the sectors, handsome buying was seen in Realty, IT, auto and financial indices with all sectors ending in the green.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.
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