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Stock market boom today: Indian stock markets on Tuesday witnessed a sharp recovery from the day's low, with both benchmark indices trading over half a percent higher. Indian stock markets got support from a rally in the broader markets. The Sensex jumped over 1,100 points from the day's low. In the end, the Sensex closed 694.39 points or 0.88 percent higher at 79,476.63 and the Nifty closed 197.20 points or 0.82 percent higher at 24,192.50.
Barring FMCG and media, all other sectoral indices ended in the green, with banks, metals, auto, and oil & gas gaining 1-2 percent. BSE midcap and smallcap indices gained 0.4 percent.
Top rising and falling stocks in the stock market today
Top gainers on Nifty included JSW Steel, Tata Steel, Hindalco Industries, Bajaj Auto, and Axis Bank, while losers included Coal India, Trent, Adani Ports, Asian Paints, and ITC.
The US presidential election and Federal Reserve interest rate were the main triggers.
The benchmark indices had fallen in morning trade today amid continued outflow of foreign funds and cautious sentiment among investors ahead of the US presidential election result and the Federal Reserve's interest rate decision.
All eyes are on the US presidential election and the uncertainty over the election results has led to huge volatility in equity markets globally. The impact of the uncertainty can be gauged from the fact that the Indian benchmark Sensex fell by over 1,500 points during intra-day trading on November 4.
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