Stock Market Highlights: Nifty signals potential bottom reversal. How to trade on Monday

The BSE Sensex and Nifty 50 indices experienced gains on October 18, 2024, driven by positive global cues and strong domestic earnings reports. The Sensex rose by 300 points to close at 66,500, while the Nifty 50 gained 100 points to end at 19,800. Key contributors to the rally included HDFC Bank, Reliance Industries, and Infosys. Market sentiment was buoyed by robust corporate earnings and expectations of continued economic recovery. Analysts noted that the market’s upward trajectory is likely to persist, supported by favorable macroeconomic indicators and strong corporate performance2.