Surge in stock market continues

The stock market is likely to reach new heights. The market has been volatile on November 3 but has maintained a positive trend. Similarly, Nifty gained 20 points to close at 13,134. The Sensex ended 16 points higher at 44,632.

The Nifty crossed the 13,200 mark at one point but closed below it. The Nifty was down 100 points during the day. At the same time, the Nifty was able to close with gains. Metal stocks and public sector bank stocks were the top gainers. Private banks came under selling pressure.

The Nifty Metal Index, which continues to outperform the Nifty, rose 2.31 per cent. Shares of SAIL and Hindalco rose more than 4 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 35 gained while 15 lost. Maruti Suzuki, NTPC, ONGC, Hindalco and SBI were the top five gainers in the Nifty.

Today, Maruti shares were up over 7 per cent. Maruti Suzuki India (MSI), the country’s largest carmaker, sold 1.53,223 units in November. Sales were up 1.7 per cent from November last year. The positive news helped Maruti’s share to jump.