Frontline indices, the Sensex and the Nifty 50, snapped their three-day losing streak on Monday, November 10, on gains led by select heavyweights, including Infosys and Reliance Industries, amid positive global cues.
The Sensex closed 319 points, or 0.38 per cent, higher at 83,535.35, while the Nifty 50 settled at 25,574.35, up 82 points, or 0.32 per cent. The BSE Midcap index outperformed, rising 0.62 per cent, while the Smallcap index underperformed, falling 0.28 per cent.
Investors earned about ₹2 lakh crore in a single session as the cumulative market capitalisation of BSE-listed firms rose to ₹468 lakh crore from ₹466 lakh crore in the previous session.
Indian stock market: 10 key highlights from the day
1. What drove the Sensex, Nifty 50 higher today?
Market benchmarks ended with decent gains on buying in select heavyweights, tracking positive global cues.
Among Asian peers, Korea’s Kospi, Japan’s Nikkei, and Hong Kong’s Hang Seng jumped up to 3 per cent. Among European markets, the UK’s FTSE, France’s CAC 40, and Germany’s DAX jumped up to 2 per cent during the session.
Markets globally are rising on expectations that the US government shutdown is nearing its end and the US Federal Reserve may announce another rate cut in December.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news
Read more stories by
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.