General News Hop

In a remarkable recovery following the announcement of the Lok Sabha election results, India’s domestic stock market indices Sensex and Nifty showed significant gains on Wednesday, May 5. Opening nearly 1% higher, both indices extended their upward momentum throughout the morning trade. Sensex, Nifty extended gains in the morning trade Key Highlights: Sensex Performance: The Sensex surged by 2.46%, climbing 1,772.04 points to reach 73,851.09 by 11:30 am. It had opened at 73,027.88, marking a 1.32% increase from the previous close of 72,079.05. Nifty Performance: The broader Nifty index jumped 2.56%, gaining 560.5 points to hit an intraday high of 22,445, following a gap-up opening of 243.85 points, or 1.11%. This strong performance comes after a tumultuous day on Tuesday when the Sensex dropped by 4,389.73 points (5.74%) to close at 72,079.05, and the Nifty 50 fell by 1,379.4 points (5.93%) to close at 21,884.5. The declines were attributed to the Bharatiya Janata Party (BJP) failing...

 The frontline indices traded with minor gains in the mid-morning trade. The Nifty traded a tad above the 18,150 mark. PSU bank, metal and auto stocks advanced while pharma, healthcare and media shares were under pressure. At 11:29 IST, the barometer index, the S&P BSE Sensex, was up 40.25 points or 0.07% to 60,990.61. The Nifty 50 index gained 34.30 points or 0.19% to 18,151.45. The broader market outperforms the headline indices. The S&P BSE Mid-Cap index rose 0.44% while the S&P BSE Small-Cap index gained 0.50%. The market breadth was strong. On the BSE, 2,045 shares rose and 1,332 shares fell. A total of 196 shares were unchanged. Auto sales up 48% YoY in Oct: FADA: On YoY basis, total vehicle retail for the month of October 2022 saw a growth of 48%, the Federation of Automobile Dealers Associations (FADA) said its release today, 7 November 2022. All the categories closed in green. 2W, 3W, PV, Trac and CV were up by 51%, 66%, 41%, 17% and 25% re...