Share Market Today: NIFTY Reaches 23,867, SENSEX Gains 337 Points as Auto and IT Lead

Market Update: NIFTY Climbs to 23,867, SENSEX Peaks at 78,877 Amid Strong Auto and IT Performance 

The share market today experienced modest gains by continuing its momentum from the previous day as SENSEX rose by 337.19 points making its day high of 78877.35 from the previous day, while the NIFTY 50 raised over 114.20 points to make the day high at 23,867. This soar in the Indian Share Market is due to the gains in the IT and automotive industries.

The market mainly remained subdued for the holiday-shortened trading week and no new catalyst influenced the market conditions. The biggest gainer in today’s stock market is Tata Motors with more than a 2% surge in its stock price while the biggest loser is also Tata Steel with a decline of 1.23% from its previous day’s closing. 

The banking sector although did not see any major changes is trading its stock price at green. Axis Bank, AU Small Finance, IDFC First Bank, and ICICI have with modest gain of over 0.1%.

Some of the most active stocks that are trading today are Amber Enterpris with 472.65 change; One Mobikwik with 58.05 change; Tata Inv Corp with 475.95 change from its previous close.

Let's look closely at the share market live updates in detail to have better clarity on stock performing well today.

Tata Motors

The automotive giant Tata Motors is the only stock that is currently leading with a gain of approx 2% from its previous closing of 722.20 after incurring losses in the price of its stocks for some consecutive days. This stock has been leading the most in the automobile sector on the stock exchange and has a major contribution in pulling the indices up.

The stock has been trading all day and has reached the highest day value of Rs 745.30 and is currently trading at an LTP of 736.30.

Adani Enterprises

Adani Enterprises has seen a surge in its stock price by 1.46% from its previous closing of Rs 2,338.95 per stock price. The stock went on a day high of Rs 2412.00 and is currently running at an LTP of Rs 2373.55. Adani Enterprises is expected to get more attention due to the recent news surrounding the company. Investors are expected to pay more attention to any updates or announcements that can affect the stock market.

Dr Reddys Lab

Dr Reddys Lab in the  Pharmaceuticals & Drugs industry has also generated over 1.39% profit in their stock prices from its previous closing of Rs 1,341.35 per stock price. The stock has been trading the whole day and has gone to a day high of Rs 1,365.00 and is currently trading at an LTP of Rs 1360.00 per stock price. This stock has been performing well since last week and it is expected to surge more till the end of this year. 

Britannia 

The Britannia Industries Ltd’s share price has been rising by approximately 1% from its previous day’s closing of Rs 4,704.35. The stock went to a day high of Rs 4,764.15 and is at an LTP of Rs 4750.50 per stock price.

Contribution to Pulling the Indices Up