{"id":40204,"date":"2024-10-08T16:05:23","date_gmt":"2024-10-08T10:35:23","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=40204"},"modified":"2024-10-08T16:05:23","modified_gmt":"2024-10-08T10:35:23","slug":"benchmark-indices-ended-higher-after-a-six-day-losing-streak-all-the-sectoral-indices-ended-in-green-except-the-metal-index-broader-market-indices-also-closed-higher-by-more-than-2-percent","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/benchmark-indices-ended-higher-after-a-six-day-losing-streak-all-the-sectoral-indices-ended-in-green-except-the-metal-index-broader-market-indices-also-closed-higher-by-more-than-2-percent\/","title":{"rendered":"Benchmark indices ended higher after a six-day losing streak; All the sectoral indices ended in green except the Metal index; Broader market indices also closed higher by more than 2 percent"},"content":{"rendered":"\t\t
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POST-MARKET REPORT<\/strong><\/span><\/p>

The Indian equity indices snapped a six-day losing streak and ended higher with Nifty above 25,000 on October 8 led by buying across the sectors barring metals and ahead of RBI policy outcome tomorrow.<\/span><\/p>

At close, the Sensex was up 584.81 points or 0.72 percent at 81,634.81, and the Nifty was up 217.40 points or 0.88 percent at 25,013.20.<\/span><\/p>

Trent, Adani Enterprises, Adani Ports, Bharat Electronics, and M&M were among the top gainers on the Nifty, while losers were Tata Steel, SBI Life Insurance, Titan Company, JSW Steel, and Bajaj Finserv.<\/span><\/p>

Except for metal, all other sectoral indices ended in the green with auto, bank, healthcare, realty, capital goods, power, telecom, and media up 1-2 percent.<\/span><\/p>

The BSE midcap index added nearly 2 percent and smallcap index rose 2.5 percent.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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STOCKS TODAY<\/strong><\/span><\/p>

NMDC:<\/strong> Shares of metal companies, with NMDC leading the losses, fell up to 4.3 percent after China’s state planner announced a roadmap to boost the economy, but lacked new plans for major stimulus. This utterly disappointed investors who were hoping for more fuel to fast-track the economic revival and clarity on plans to deliver already announced measures.<\/span><\/p>

Tata Steel:<\/strong> Tata group firm Tata Steel languished in the red, along with the rest of the metals pack, after the lack of a fresh stimulus coming out of China. The stock fell over 3 percent despite brokerage Morgan Stanley upgrading the counter to \u2018equal-weight\u2019 last week.<\/span><\/p>

HEG:<\/strong> The stock surged over 10 percent after the company acquired an 8 percent stake in industry rival GrafTech International for Rs 250 crore. GrafTech specializes in the production of graphite electrodes, a segment closely aligned with HEG’s core business.<\/span><\/p>

Varun Beverages:<\/strong> Shares of Pepsico bottler Varun Beverages surged 9 percent, snapping a three-day losing streak. The gain in the stock comes a day ahead of the board meeting to consider a proposal to raise funds via Qualified Institutions Placement (QIP).<\/span><\/p>

Skipper:<\/strong> The stock zoomed over 13 percent after Nuvama Institutional Equities initiated coverage on the stock with a buy call with a target price of Rs 650 per share. This implies a 46 percent upside from the last closing price.<\/span><\/p>

SpiceJet:<\/strong> The stock jumped more than 8 percent after the airline announced plans to induct 10 new aircraft into its fleet by the end of November, in continued turnaround efforts following a significant Rs 3,000-crore fundraise.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"POST-MARKET REPORT The Indian equity indices snapped a six-day losing streak and ended higher with Nifty above 25,000…","protected":false},"author":5,"featured_media":38201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,48,47,23],"class_list":{"0":"post-40204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eveninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-sensex-today","11":"tag-stock-market","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nBenchmark indices ended higher after a six-day losing streak; 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