Benchmark indices Nifty 50 and Sensex bounced back nearly 1% on 8th October, breaking a six-session losing streak, as profit booking stabilised and the BJP’s stronger-than-expected results lifted investor sentiment.

The Nifty 50 index climbed 217.40 points to close at 25,013.15, supported by major contributors HDFC Bank and Reliance, while the Sensex increased by 584.81 points, reaching 81,634.81.

BSE-listed companies saw a market capitalisation rise of nearly Rs 8 lakh crore.

Adani Group stocks were among the top gainers after the Haryana election results. PSUs also benefited from the BJP’s stronger-than-expected performance in the Haryana polls, with the Nifty PSU index rising by 2%.

Shares of Tata Group’s Trent rose by 7% on 8th October, hitting an all-time high of Rs 7,999, following the announcement of its lab-grown diamond jewellery line.

Bharat Electronics (BEL) shares surged by 4% after securing additional orders exceeding Rs 500 crore since its last update on 11th September 2024.

SpiceJet shares rose 9% on 8th October after the airline announced plans to add 10 new aircraft to its fleet by the end of November. This is part of its ongoing turnaround efforts following a Rs 3,000-crore fundraising.

Shares of One97 Communications, Paytm’s parent company, surged by 13%, marking its best single-day gain since 8th February 2023.

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