Stock market today: Sensex, Nifty break five-session losing streak
October 07, 2024 10:06 ISTThe benchmark indices broke their five-day losing streak after the stronger-than-expected US job report that created optimism in the markets.
The benchmark indices broke their five-day losing streak after the stronger-than-expected US job report that created optimism in the markets.
Earlier on Friday, BSE Sensex soared 1,359.51 points, or 1.63 per cent, to an all-time high of 84,544.31. Similarly, Nifty also surged 375.15 points, or 1.48 per cent, to close at a record 25,790.95 on Friday.
After following global sentiments last week, the Indian stock market incidence gained in the opening session. Meanwhile, Asian markets showed mixed responses.
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
From March 31, there will be changes to revision in the index reconstitution date, stock capping, quarterly rebalancing of shares and investible weight factors, and calculation of Price to Earnings (P/E) ratio for indices.
Equity benchmarks Sensex and Nifty ended marginally lower on Tuesday amid lack of directional cues from domestic as well as global markets.
In a major development, the National Stock Exchange of India Ltd (NSE) on Monday suspended Hyderabad-based financial services major Karvy Stock Broking Ltd’s trading licence for all segments due to non-compliance with exchange and Securities and Exchange Board of India (Sebi) norms.
The BSE Sensex and NSE Nifty 50 indices continued to fall on Tuesday for the second straight day as Sensex slumped 666.59 points, at 36,456.72.
The benchmark Sensex got off to a steady start today by rising 66 points and the Nifty hovered above 9,600 on the back of a firm Asian trend.
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