The domestic stock market opened positively on Wednesday, November 6, supported by strong buying in technology, banking, and financial sectors. By 10:02 AM, the S&P BSE SENSEX gained 591.87 points, reaching 80,068.50, while the broader NIFTY50 index rose 180.05 points to 24,393.35, reflecting a 0.74% increase.
Leading gainers on the NSE included Apollo Hospitals, HCL Tech, ICICI Bank, BEL, and Hero MotoCorp. Conversely, Titan Company, Tata Steel, Hindalco, JSW Steel, and Tata Motors emerged as top laggards. Titan saw a notable drop of 3.58% on the BSE, trading at ₹3,117 after reporting weaker-than-expected Q2 numbers.
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Hindustan Zinc experienced a significant fall of over 7% to ₹519, as the government announced plans to sell up to 2.5% of its stake in the company via an offer for sale (OFS) at a floor price of ₹505. Institutional bidding for this two-day OFS began today, with retail participation set to start on Thursday.
The broader market indices displayed strength, with the BSE MidCap index climbing 0.95% to 46,332.22, and the BSE SmallCap index gaining 0.91%, trading at 55,430.07. Both indices indicated healthy investor interest beyond the large-cap segment.
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Most sectoral indices were in the green, led by realty and IT stocks, while the metals pack showed weakness. The BSE Realty index saw notable growth, up 1.82% at 7,835.50, as investors remained optimistic on real estate recovery.
Globally, US stock futures and the dollar rose in Asian trading as early election results showed Republican Donald Trump leading in traditionally red states. Tight races in key battleground states added uncertainty, while oil prices dipped amid the election’s unpredictable outcome.