MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels


Published On: Tuesday, November 1, 2022 | By:

MARKET UPDATE:  Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels

Key indices Nifty50 climbed over 50 points to trade above 18,100 levels and the S&P BSE Sensex advanced over 300 points to reclaim 61,058 levels after a gap of nine months. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Barring the Nifty Metal index, all sectors swam in the sea of green, with Nifty PSU Bank and Nifty Pharma indices rising up to 1 percent. Among individual stocks, shares of Equitas SFB gained over 2 percent after the lender reported over two-fold jump in net profit to Rs 116 crore in Q2FY23. Besides, shares of Castrol India slipped over 1 percent after the company reported flat growth in its PAT at Rs 187 crore in Q2FY23.

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