Stock market today: Sensex, Nifty 50 stage smart rebound, jump nearly 1%; bank & metal stocks lead gainers
Live MintIndian stock market today: The Indian stock market experienced a notable recovery from its lows on Tuesday, November 05, with both benchmark indices closing the session with positive gains. The recovery was primarily driven by gains in banking stocks, including HDFC Bank, ICICI Bank, Axis Bank, and State Bank of India, which collectively supported the market's upward movement. Among the sectoral indices, the Nifty Metal index recorded a sharp gain of 2.84%, followed by the Nifty Private Bank, Nifty PSU Bank, and Nifty Auto indices, each ending with gains of over 1%. Commenting on today's market performance, Vinod Nair, Head of Research, Geojit Financial Services said, " The domestic market experienced a sharp recovery, reclaiming most of the previous day’s losses amid uncertainty surrounding the likely downgrade in Q2 GDP forecast and closely contested U.S. presidential election.