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Nifty 50 only major index to end October in green; IT stocks rally 18%: Motilal Oswal MF

Reported by: Zee Business ·

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Motilal Oswal Financial Services

Summary

Zee Business reported that Nifty 50 was the only major index to end October in the green, and that IT stocks rallied 18% during the month, citing Motilal Oswal MF. The headline gives no closing levels for the index, no figures for the other major indices, and no list of the IT stocks involved. Nifty 50 is the benchmark index of 50 large companies on the National Stock Exchange. Ending in the green means closing the month higher than it started. IT stocks are shares of software and technology services companies. The 18% is the rise in that group of stocks over the month, not a single company's share price. The report does not say what drove the move.

AI summary of what Zee Business reported. AI can make mistakes. Read the full story on Zee Business

Learn: What are the Sensex and the Nifty?

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Zee Business  · via Google News · · Tone +1

Nifty 50 only major index to end October in green; IT stocks rally 18%: Motilal Oswal MF

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  • Nifty

    The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".

    Learn: What are the Sensex and the Nifty?

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