Share Market Today News: Sensex rallies 491 factors, Nifty settles above 17,300-mark led by RIL, banking shares

Market Today, BSE Nifty Share Price, October 17, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) prolonged their good points for the second straight session and ended over 0.7 per cent greater on Monday led by led by market heavyweight Reliance Industries (RIL) and the banking shares amid optimistic cues within the world market.

The S&P BSE Sensex surged 491.01 factors (0.85 per cent) to finish at 58,410.98 whereas the Nifty 50 rallied 126.10 factors (0.73 per cent) to settle at 17,311.80. Both the indices had opened on a flat word earlier within the day however slipped within the purple through the early commerce. However, they quickly erased their early losses and turned optimistic in the direction of late morning offers and traded optimistic by way of the remainder of the session.

On the Sensex pack, State Bank of India (SBI), Axis financial institution, NTPC, Bajaj Finserv, ICICI Bank, RIL, IndusInd Bank, Kotak Mahindra Bank and Maruti Suzuki India have been the highest gainers of the day. In distinction, Larsen & Toubro (L&T), HCL Technologies, Tata Steel, Wipro, Nestle India and Power Grid Corporation of India have been the highest losers.

Among sectors, the Bank Nifty rallied 1.56 per cent, Nifty Financial Services index surged 1.15 per cent, Nifty Auto climbed 0.68 per cent and Nifty Oil & Gas gained 0.65 per cent.

In the broader market, the S&P BSE MidCap index gained 65.17 factors (0.26 per cent) to finish at 24,775.03 whereas the S&P BSE SmallCap rose 25.23 factors (0.09 per cent) to settle at 28,548.08.

Global Markets (from AP)

Global shares have been principally greater Monday as traders saved their eyes on a weeklong Communist Party congress in China.

France’s CAC 40 added 0.5 per cent in early buying and selling to five,961.27. Germany’s DAX gained 0.5 per cent to 12,498.72. Britain’s FTSE 100 rose 0.5 per cent to six,894.84. The future for the Dow industrials was up 0.7 per cent, whereas the contract for the S&P 500 gained 0.9 per cent.

Japan’s benchmark Nikkei 225 slipped 1.2 per cent to complete at 26,775.79. Australia’s S&P/ASX 200 dipped 1.4 per cent to six,664.40. South Korea’s Kospi rebounded to achieve 0.3 per cent to 2,219.71. Hong Kong’s Hang Seng rose 0.5 per cent to 16,662.19, whereas the Shanghai Composite rose 0.4 per cent to three,084.94.