Sensex gains 567 points to settle at 84,779:Nifty up by 171; high purchase in metal, banking and realty stocks

Today on the first trading day of the week, Monday, October 27, the Sensex gained 567 points to close at 84,779. The Nifty is also up by 171 points to settle at 25,966. Out of 30 Sensex shares, 22 closed higher. Shares of Airtel, SBI, Reliance and Zomato shares gained more than 2%. Kotak, BEL and Infosys were down. Out of 50 Nifty shares, 38 closed higher. NSE’s PSU gained 2.22% and Realty indices gained 1.46%. Bullish trend in Global Market Jayesh Logistics IPO Opens Today Jayesh Logistics’ IPO has opened today. Investors can invest in it till October 29. The company has set the price band for this issue at ?116 to ?122. The company aims to raise ₹28.63 crore through the IPO. On October 24, FIIs Bought Shares Worth ₹622 Crore Market closed down 345 points on Friday On Friday, October 24, the last trading day of the week, the Sensex closed down 345 points at 84,212. The Nifty fell by 97 points, closing at 25,795. Out of 30 Sensex stocks, 20 saw a decline. Shares of Hindustan Unilever, Ultratech, and Adani Ports fell by up to 3.5%. Out of 50 Nifty shares, 34 fell. NSE’s FMCG, Banking, Pharma, and Healthcare sectors fell the most. Metal and Realty shares saw a rise. Japanese market Nikkei crosses 50,000 for the first time Japan’s market index Nikkei is trading at 50,440 today, Monday, October 27, after rising 1440 points (2.3%). This is the first time it has crossed the 50,000 level. At the end of the morning session, it closed 2.1% up at 50,337.36. The Japanese market trades in two sessions a day, the first from 9:00 AM to 11:30 AM and the second from 12:35 PM to 3:00 PM. This rally in the market is due to the growth policy of the new Prime Minister Takaichi, which is giving positivity to the market. The market expects the government to invest 92.2 billion dollars (approximately ₹8.12 lakh crore). There are four main reasons for Nikkei’s rally in the Japanese market New Prime Minister Sanae Takaichi’s growth-oriented policies: She is focusing on development, which gives investors confidence that the economy will get a boost.
Expectation of a large fiscal stimulus package: Takaichi has promised to increase spending, such as a package of over 13 trillion yen, which is giving positivity to the market.
Exporters benefit from a weak yen: A weaker currency is increasing the earnings of Japanese companies, especially in the tech and manufacturing sectors.
Structural reforms and improvement in corporate profits: Takaichi’s reform agenda is increasing profitability in the technology and energy sectors, plus a boost from global trade deals like the US-Japan agreement.