On Friday, Nifty50 snapped a six-day losing streak, closing with a 1.01% gain at 19,047.25. The index opened with a gap-up at 18,928.75 and reached a high of 19,076.15 during the day, with the day’s low at 18,926.65.
Advances outnumbered declines on the Nifty50, with 44 stocks advancing, 6 declining, and 0 remaining unchanged. The top gainers on the Nifty50 included Coal India, HCL Tech, Axis Bank, SBIN, and Bajaj Auto. On the flip side, the top losers were UPL, ITC, Hindalco, Dr. Reddy, and Asian Paints.
In terms of sectors, the Nifty PSU Bank index emerged as the top gainer, closing with a remarkable 4.11% increase. The Nifty Media index also performed strongly, closing up by 2.58%. Notably, no sectoral index closed in the red on Friday.
Beyond the benchmark Nifty50, broad market indices demonstrated notable strength. The Nifty Smallcap 100 index closed up 2.01%, and the Nifty Midcap 100 index posted a 1.54% gain.
India VIX, a gauge of implied volatility in the Nifty50 index, decreased by 7.03% on Friday. This indicates a reduced expected level of market volatility in the Indian stock market.
Trident Ltd has successfully commissioned its New Rooftop Solar Power Project, adding 1.06 MW to reach a total capacity of 10.56 MW in Budhni, Madhya Pradesh. This development is in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Sajid Malik, Chairman and Managing Director of Genesys International Corporation Ltd, has been honoured as the “Geospatial Business Leader of the Year” for his contributions to the industry, including the launch of the 3D digital twin map platform. Genesys specializes in Geographical Information Services.
Zen Technologies Ltd experienced a significant volume surge, hitting the upper circuit during today’s trading session. The company is set to announce its Q2FY24 results on October 28, 2023. This stock deserves your attention.
Indo Count Industries Ltd reached a new 52-week high of Rs 274.70, accompanied by a substantial increase in trading volume, exceeding nine times the average. With a remarkable 27.1% gain in just two days, this stock has shown strong performance making it a contender for the watchlist.
Jupiter Wagons Ltd is scheduled to reveal its Q2FY24 results on October 29, 2023. The company’s stock was locked in the upper circuit during today’s trading session. With a commendable profit growth of 40.0% CAGR over the past 5 years, this stock should definitely be on your watchlist.
Disclaimer: This article is intended for educational purposes only. The mentioned securities are for illustrative purposes and not recommendations. It is based on various secondary sources available on the internet and is subject to change. Consult with an expert before making related decisions.
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