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Markets open strong, Nifty surpasses 19,800 mark and Sensex gains 300 points

Sensex, the benchmark index of the Bombay Stock Exchange (BSE), joined the upward trajectory, gaining 300 points in early trade.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: October 17, 2023 9:37 IST
Image Source : FILE Business stock exchange

In a positive start to the trading session, Indian markets opened with strength, as Nifty surged beyond the 19,800 mark and Sensex marked a gain of 300 points. Several stocks saw notable increases, including ICICI Securities and CEAT, both of which witnessed impressive 7% gains.

As the opening bell rang, the Nifty index recorded substantial gains, and investors exhibited optimism in the early hours of trading. Nifty's surge beyond the 19,800 level indicated positive sentiment in the market.

The positive sentiment reflected investor confidence and hopes for robust performance across various sectors.

ICICI Securities and CEAT, two prominent stocks, gained an impressive 7% each during early trading. These substantial gains are indicative of investor interest in these companies, which have exhibited strong performance and potential.

The broader market trend appeared optimistic in the initial hours, with various sectors displaying strength and resilience. The positive start to the trading session bodes well for Indian markets, and investors will be closely monitoring further developments as the day unfolds.

Overall, the strong opening suggests that investors are maintaining a positive outlook, and market participants will be closely observing how this trend evolves over the course of the trading day. The performance of key indices like Nifty and Sensex will be closely scrutinized, as well as the fortunes of individual stocks, such as ICICI Securities and CEAT, which have started the day on a promising note.

Also read | India third most optimistic market globally, heading in right direction: Ipsos Global Survey

Also read | Markets ended lower for third straight day amid weak global equities, rise in Brent crude oil prices


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