Mumbai. The Indian stock market closed in the green for the second consecutive day. At the end of trading, buying was seen in PSU banks, metal, media and financial services sectors. BSE Sensex closed at 80,369.03, up 363.99 points or 0.45 per cent. At the same time, NSE’s Nifty closed at 24,466.85 after rising 127.70 points or 0.52 percent. The market was led by financial stocks. Nifty Bank closed at 52,320.70, up 1,061.40 points or 2.07 per cent.
The Nifty Midcap 100 index closed in the green at 56,251.30, up 514.70 points or 0.92 per cent. The Nifty Smallcap 100 index closed at 18,198.95 after rising 136.65 points or 0.76 per cent. The market trend remained positive. On the Bombay Stock Exchange (BSE), 2,251 shares were trading in the green, 1,614 shares were trading in the red. Whereas, 126 shares closed without any change. SBI, ICICI Bank, NTPC, Bajaj Finserv, Adani Ports, Bajaj Finance, Axis Bank, L&T and PowerGrid were the top gainers in the Sensex pack.
Whereas, Maruti, Tata Motors, Sun Pharma, IndusInd Bank, M&M and Bharti Airtel were the top losers. SBI, BEL, Eicher Motors, HDFC Life, SBI Life and ICICI Bank were the top gainers in the Nifty pack. Whereas, Maruti, Tata Motors and Hero MotoCorp were the top losers. According to Vikram Kasat, Principal Advisor, PL Capital (Prabhudas Lilladher), private and PSU banks as well as other financial services stocks led the rally, with these indices gaining over 2%. However, pharma and auto indices witnessed profit booking and closed in the red.
He further said FIIs have pulled out around Rs 1.03 lakh crore from Indian equities in October alone. At the same time, strong domestic institutional investment is acting as a base for the markets, with net purchases of Rs 98,491 crore. The market was open in the red in the morning. In the initial trade, selling was seen in Auto, IT, Fin Services and Pharma sectors. The Sensex was trading at 79,660.76, falling 344.28 points or 0.43 per cent. At the same time, Nifty was trading at 24,257.70 after falling 81.45 points or 0.03 percent.