On Tuesday, October 8, stock markets rebounded after a week of declines, with the Indian markets turning positive following six consecutive days of losses. Foreign investors sold off $6 billion worth of investments last week, largely driven by tensions between Israel and Iran.
The benchmark Sensex surged by 584 points, closing at 81,634, while the Nifty rose 217 points, ending at 25,013. Notable gainers included Trent, Adani Enterprises, Adani Ports, Bharat Electronics, and M&M. On the downside, Tata Steel, SBI Life Insurance, Titan Company, JSW Steel, and Bajaj Finserv saw declines.
Apart from the metals sector, all other industry sectors closed 1-2% higher, with significant gains in the automobile, banking, healthcare, real estate, energy, telecom, and media sectors. Over 150 stocks, including Coforge, Ipca Labs, Trent, EPL, Dr. Lal PathLabs, Akzo Nobel, and Dixon Technologies, hit fresh 52-week highs.
In commodity markets, jewelry prices remained stable on Tuesday, with gold holding at Rs 7,100 per gram and Rs 56,800 per bar. However, silver prices dipped by Rs 1 to Rs 102 per gram, with a kilogram of silver down Rs 1,000 to Rs 1,02,000. Please note that these prices include GST at 3% and may vary depending on commissions and damage fees charged by individual shops.