Dr Reddy’s Labs share price: Win run continues: Sensex ends 375 points higher led by IT, energy; Nifty stays above 18,100 level

Among Sensex stocks,

, Corp, Dr Reddy’s Labs, and TCS were the top gainers in today’s trading session, rising around 2-5 per cent. , , , , and also settled higher.

However,

, , , , and L&T ended the session with cuts.

Sectorally, the Nifty Metal rose 2.38 per cent and Nifty Pharma surged 2.12 per cent. While Nifty IT and Nifty Healthcare also closed higher. In the broader market, Nifty Midcap50 advanced 0.83 per cent and Smallcap50 rose 0.47 per cent.

The bulls are driving the trend in the domestic market with backing from FIIs and the global markets, Vinod Nair, Head of Research at

said.

“The PMI numbers show that manufacturing activity in India remained strong in October and that pricing pressures were kept in check as new orders and production increased, albeit slowly. Investors are keeping an eye on the central banks’ policy meetings for any indications of a slowdown in the pace of rate hikes,” Nair added.

Earlier in Asian markets, Japan’s Nikkei 225, China’s Shanghai Composite and South Korea’s Kospi surged 0.33 per cent, 2.62 per cent and 1.81 per cent, respectively.

The rupee advanced on Tuesday as hopes that the US Federal Reserve could slow down the pace of its rate hikes buoyed risk appetite and hurt the dollar. The rupee closed at 82.69, against a previous close of 82.78. While the Brent crude January futures rose 1.80 per cent to $94.48 per barrel.

The market breadth was skewed in favour of bears. About 1,837 stocks declined, 1,611 gained and 134 remained unchanged. The market capitalisation of all listed companies on BSE increased by Rs 2.17 lakh crore to Rs 282.08 lakh crore.