Sensex climbs 1181 points to close at 61795 for the first time, HDFC up 6% and Zomato 14%

Market close to lifetime high: Sensex climbs 1181 points to close at 61795 for the first time, HDFC up 6% and Zomato 14%

Sensex climbs 1181 points to close at 61795 for the first time, HDFC up 6% and Zomato 14%

After the positive signals from the global market, the Indian stock market saw a rise on Friday, the last trading day of the week. The Sensex closed at 61,795 for the first time, up 1181 points or 1.95%. Nifty also saw a rise of 321 points or 1.78%. It closed at 18,349. This bullish market has reached near to lifetime high.
On an intraday basis, the all-time high of Sensex is 62245.43 and the all-time high of Nifty is 18,543.15 which it made on 18 October 2021. However, on a closing basis, the Sensex has made a new all-time high today. Earlier, the Sensex closed at the level of 61,766 on 18 October 2021. The all-time high of Nifty on a closing basis is 18,477.
On the other hand, Bank Nifty has made a new lifetime high of 42,345.50 today. If this rally continues in the market, then next week new records can be made in the market.
Of the 30 stocks on the Sensex, 22 closed in the green. The biggest gain was seen in HDFC and HDFC Bank. They closed up around 6%. Good buying was also seen in IT stocks today. Infosys climbed 4.51% to 1570. TCS, HCL Tech, Wipro, and Tech Mahindra saw gains of over 3%.
Reliance Industries and Tata Steel gained over 2%. On the other hand, its shares closed at Rs 72.65, up 13.60% after food aggregator Zomato reported strong September quarter results. Nykaa also climbed 10.49% to Rs 208.
Shares of DCX Systems made a grand debut on the stock exchange today. It got listed on the BSE at Rs 286.25, up 38% against the issue price of Rs 207. It climbed 101.80 or 49.18% to close at Rs 308.80. The stock made a high of 319.75 during the day's trading.
In the US, the inflation rate has come down to 7.7% in October. This is the lowest level in 9 months. The effect of the decrease in inflation was visible in the US market and after 2.5 years, the biggest rally was seen in the market. On Thursday, the Dow Jones closed up 1,201.43 points, or 4%, at 33,715.40. The S&P 500 also closed 5% higher at 3,956.37. The Nasdaq Composite climbed 760 points, or 7.35%, to end at 11,114.20.
The Indian stock market saw a fall on Thursday (November 10). The Sensex closed at 60,613 with a fall of 420 points. Nifty fell 128 points to reach the level of 18,028. 24 out of 30 Sensex stocks fell. At the same time, only 6 stocks were up.

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