Sensex Jumps 453 Points As Auto & Power Stocks Rally; Tata Motors Zooms 21%

Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.

Benchmark indices extended their record-breaking rally into the fifth straight session as macroeconomic tailwinds put stocks in top gear.

India's retail inflation eased again in September, falling to a five-month low of 4.35%, while the Index of Industrial Production (IIP) rose to 11.9% YoY in August.

That apart, IMF's GDP forecast, which pegs India's growth at 9.5% in 2021 and at 8.5% in 2022, came as another shot in the arm for market bulls.

At the closing bell, the BSE Sensex stood higher by 453 points (up 0.8%).

Meanwhile, the NSE Nifty closed higher by 170 points (up 0.9%).

Tata Motors and Mahindra & Mahindra were among the top gainers today.

ONGC and Maruti Suzuki, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,181, up by 178 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1.6% and 0.6%, respectively.

Sectoral indices ended on a positive note with stocks in the auto sector and power sector witnessing buying interest.

Shares of V-Mart Retail and Tata Chemicals hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended down by 1.4%, while the Shanghai Composite ended up by 0.4%. The Nikkei ended down by 0.3% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 45 points.

The rupee is trading at 75.36 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.3% at Rs 47,350 per 10 grams.

In news from the power sector, RattanIndia Enterprises was among the top buzzing stocks today.

RattanIndia-backed electric motorcycles firm Revolt will expand its dealership network to Bangalore, Jaipur, and Surat this month, the company said in a statement today.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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