Stock market today: Sensex, Nifty cautious after rally; SBI, ITC gain
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Markets opened on a cautious note on Wednesday, November 4, with the Nifty 50 trading at 23,837.25.
- ✓While technology stocks fell, SBI and ITC led the gainers.
- ✓Shrikant Chouhan said, “23,500/76,000 and 23,600/76,300 would now act as key support levels.” Many investors watched as the market showed a rotation toward consumption.
Story at a Glance
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- MARKET
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- Business Line
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- 4 Minute(s)
- Market Focus
- India Economy
Markets opened on a cautious note on Wednesday, November 4, with the Nifty 50 trading at 23,837.25, up 26.40 points or 0.11 per cent from its previous close of 23,810.85, while the Sensex opened at 76,853.11 against its previous close of 76,917.85, and was last seen at 77,071.67, up 153.82 points or 0.20 per cent. The muted start follows a sharp four-session rally that had lifted the Nifty by 370 points in the previous session alone.
SBI, ITC lead gainers; technology stocks drag
Among the top gainers on the Nifty 50, State Bank of India led with its stock trading at ₹980.55, up 1.06 per cent from its previous close of ₹970.25, on volumes of 10.41 lakh shares worth ₹101.56 crore. ITC followed, gaining 1.02 per cent to ₹276.70 from ₹273.90, with 16.83 lakh shares changing hands for ₹46.29 crore. Apollo Hospitals rose 0.82 per cent to ₹8,509 from ₹8,440, while Nestle India gained 0.80 per cent to ₹1,258.40 from ₹1,248.40. Max Healthcare rounded out the top five gainers, adding 0.78 per cent to trade at ₹902.50, up from ₹895.50.
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