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Capital Investo Research

7th Oct · SEBI-Registered Analyst

Stock Market Highlights: Sensex closes 137 pts higher, Nifty tops 25,100; Divi’s Labs jumps 5%,
BAJAJHLDNG
up 3%.

Indian equity benchmarks Sensex and Nifty extended their winning streak to a fourth session on Tuesday, supported by strength in major financial counters. Overall sentiment remained positive amid optimism over the Reserve Bank of India’s new lending policy reforms and encouraging corporate updates ahead of Q2 (September-quarter) earnings. The S&P BSE Sensex advanced 136.63 points, or 0.17%, to close at 81,926.75, while the NSE Nifty 50 added 30.65 points, or 0.12%, ending at 25,108.30. The broader market indices also edged higher, with the mid-cap index gaining 0.4% and the small-cap index rising 0.6%. Financials climbed 0.5%, marking a sixth consecutive day of gains, buoyed by strong loan growth in Q2 and confidence after the RBI eased lending norms for capital markets and large corporates.

BAJFINANCE
gained 1.5% following a robust pre-quarterly business update released over the weekend, extending Monday’s 2% advance. Bank of India also rose up to 2.7% after its Q2 business update. In contrast, Trent declined 2%, moving against the market trend, as its September-quarter revenue growth slowed amid weaker same-store sales performance. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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