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Taking Stock | Sensex up 213 points, Nifty back above 17,700; metal, power stocks gain

JSW Steel, Hindalco Industries, Tata Steel, Adani Ports and Power Grid Corporation were among the top Nifty gainers

October 27, 2022 / 04:16 PM IST

Indian benchmark indices ended on a positive note in a highly volatile session amid October F&O expiry, with the Sensex closing 212.88 points, or 0.36 percent, higher at 59,756.84 and the Nifty gaining 80.70 points, or 0.46 percent, to 17,737.

The market opened higher  and remained in the green in the first half but selling in the second part of the day dragged the indices in the red. The market, however, recovered smartly to close higher amid buying in metal, realty, power and oil & gas stocks.

In the October F&O series, the Nifty rose 5.4 percent.

"Weak signals from the global markets and elevated oil prices are challenging the domestic market to maintain its gains. The US IT giants' disappointing quarterly earnings served as the catalyst for selling in the US market," said Vinod Nair, Head of Research at Geojit Financial Services.