Share Market Today News: Indices snap two-day shedding streak, Sensex positive aspects 114 factors aided by RIL

Stock Market New Today, Sensex, Nifty Share Price Live Today, November 4, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) snapped their two-day shedding streak and ended greater on Friday aided by market heavyweight Reliance Industries (RIL).

The S&P BSE Sensex rose 113.95 factors (0.19 per cent) to finish at 60,950.36 whereas the Nifty 50 gained 64.45 factors (0.36 per cent) to settle at 18,117.15. Both the indices had opened on a optimistic notice earlier within the day and traded in a variety with damaging bias by means of bulk of the session swinging between optimistic and damaging territory.

On the Sensex pack, Bajaj Finserv, UltraTech Cement, Tata Steel, State Bank of India (SBI), RIL, Asian Paints and Bajaj Finance have been the highest gainers on Friday whereas Dr. Reddy’s Laboratories, Infosys, Hindustan Unilever (HUL), NTPC, HDFC Bank, and Power Grid Corporation of India have been the highest losers.

Among sectoral indices on NSE, the Nifty Metal index rallied 4.21 per cent, Nifty Media rose 1.07 per cent, Nifty PSU Bank gained 1.04 per cent and Nifty Oil & Gas inched 0.85 per cent.

In the broader market, the S&P BSE MidCap index ended little modified at 25,647.07 whereas the S&P BSE SmallCap inched 118.95 factors (0.41 per cent) to shut at 29,107.24.

“The Bank of England in its policy announcement mirrored the Fed’s view, dashing hopes for a near-term policy softening. Though a late rebound was seen in the domestic market, it was largely in the red zone as the Pharma and IT sell-off continued due to concerns about the impending recession. The dollar surged along with the US Treasury yield following the hawkish remarks from global central banks, while FIIs continued their domestic support,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.