Indian stock market benchmarks rallied sharply on Thursday, November 5, with Sensex up 1600 points as oil prices slumped, with Democrats’ win in the US midterm election raising bets on a faster end to West-Asia conflict.
At 12:40 hours, the 30-share benchmark index was trading at 78928.84 up by 1627.44 points or by 2.11 % and then NSE Nifty was at 24429 up by 468.4 points or by 1.95 %.
Sensex touched intraday high of 79005.9 and intraday low of 78520.56 The NSE Nifty touched intraday high of 24442.2 and intraday low of 24296.3
The top gainers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 1064.25,+7.17%), InterGlobe Aviation Ltd. (Rs. 5419.30,+5.43%), Maruti Suzuki India Ltd. (Rs. 12575.00,+5.06%), Asian Paints Ltd. (Rs. 2531.15,+4.59%), Bajaj Finserv Ltd. (Rs. 1832.80,+4.43%), among others.
The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 316.30,-1.68%), Bharti Airtel Ltd. (Rs. 2052.30,-0.66%), Power Grid Corporation of India Ltd. (Rs. 260.40,-0.61%), ITC Ltd. (Rs. 279.10,-0.21%), Bharat Electronics Ltd. (Rs. 396.35,-0.19%), among others.
Auto index was at 60419.49 up by 2263.85 points or by 3.89%. Ashok Leyland Ltd. (Rs. 170.85,+10.94%), Tata Motors Ltd. (Rs. 432.90,+7.47%), Balkrishna Industries Ltd. (Rs. 2399.95,+6.95%), MRF Ltd. (Rs. 124710.00,+5.72%), Maruti Suzuki India Ltd. (Rs. 12575.00,+5.06%),.
CGS index was at 71760.32 down by -1170.85 points or by -1.61%. Cummins India Ltd. (Rs. 4174.00,-12.11%), Kirloskar Oil Engines Ltd. (Rs. 1687.20,-6.48%), CG Power and Industrial Solutions Ltd. (Rs. 805.75,-4.29%), GE Vernova T&D India Ltd. (Rs. 4108.65,-3.67%), Siemens Energy India Ltd. (Rs. 2866.50,-3.16%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4621 , shares advanced were 3127 while 1292 shares declined and 202 were unchanged.