Sensex, Nifty Close On Buoyant Note

RTTNews | 816 일 전

(RTTNews) - Indian shares ended on a buoyant note on Monday, bouncing back smartly after posting losses in the previous session, as investors indulged in strong buying at several counters across various sectors.

Easing crude oil prices and fairly decent quarterly earnings updates from top companies contributed as well to the positive mood in the market.

The benchmark BSE Sensex ended with a gain of 709.96 points or 1.16% at 61,764.25, about 120 points off the day's high of 61,854.19. The broader Nifty50 index of the National Stock Exchange, which surged to 18,286.95, settled at 18,264.40, gaining 195.40 points or 1.08%.

Shares from automobile, financials and realty sectors posted impressive gains. Several stocks from technology, FMCG and metal sectors also moved higher.

PSU bank stocks drifted lower, pushing the Nifty PSU Bank index down by nearly 1%.

Among Sensex stocks, only Sun Pharmaceutical Industries (down 0.89%), Larsen & Toubro (down 0.57%) and Nestle (down 0.21%) closed weak.

IndusInd Bank rallied nearly 5%. Tata Motors gained about 4.8%, Bajaj Finance surged 4.2% and Bajaj Finserve climbed 3.3%.

HCL Technologies, Mahindra & Mahindra, Maruti Suzuki, Kotak Bank, NTPC, Axis Bank and Power Grid Corporation ended higher by 1.5 to 2%.

Reliance Industries, HDFC, HDFC Bank, UltraTech Cement, State Bank of India and ICICI Bank also posted strong gains.

ONGC and Hindalco gained 2.75% and 2.6%, respectively. HDFC Life advanced nearly 2%, while Grasim Industries gained 1.75%. Tata Consumer Products, Eicher Motors and Tata Steel also closed notably higher.

Coal India ended 1.83% down on weak results. The company reported consolidated net profit of Rs 5,527.62 crore for the March quarter, down 17.7% from a year ago. Consolidated revenue for the quarter rose 17.3% year on year.

Alembic Pharma climbed more than 7% on upbeat results. The company reported a net profit of Rs 153 crore for the quarter ended March 2023, compare with Rs 22 crore in the year-ago quarter.

Marico surged about 7.5% after reporting a 20% jump in consolidated net profit to Rs 302 crore in the fourth quarter of FY23, compared with its net profit in the fourth quarter of FY22.

The market breadth was fairly strong. On BSE, 2,073 shares climbed higher. 1,575 shares ended weak, and 163 shares settled flat.

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.

RTTNews | 56 분 전

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.

RTTNews | 1 시간 0 분 전

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.

RTTNews | 1 시간 2 분 전

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | 1 시간 49 분 전

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.

RTTNews | 1 시간 57 분 전

Bay Street Likely To Open On Weak Note

Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.

RTTNews | 3 시간 9 분 전

U.S. Employment Rises Much Less Than Expected In July

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.

RTTNews | 3 시간 11 분 전

FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.

RTTNews | 4 시간 18 분 전

EURUSD	1.15584	GBPUSD	1.32629	AUDUSD	0.64655
USDJPY	148.017	USDCAD	1.37847	USDCHF	0.80655

Advertisement

Sensex, Nifty Close On Buoyant Note