Sensex, Nifty Close On Buoyant Note

RTTNews | il y a 808
Sensex, Nifty Close On Buoyant Note

(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.

read more
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,210-point plateau although it's expected to bounce higher again on Friday.
RTTNews | il y a 10 minutes
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing some of the strong gains in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well above the 41,650 level, with weakness across most sectors led by exporters, automakers and financial stocks.
RTTNews | il y a 32 minutes
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, advancing more than 180 points or 2.6 percent along the way. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may open to the upside again on Friday.
RTTNews | il y a 40 minutes
Hong Kong Shares May Be Stuck In Neutral On Friday

Hong Kong Shares May Be Stuck In Neutral On Friday

The Hong Kong stock market has moved higher in five straight sessions, gathering almost 1,300 points or 5.1 percent in that span. The Hang Seng Index now sits just beneath the 25,670-point plateau although it's expected to see profit taking on Friday.
RTTNews | il y a 55 minutes
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | il y a 56 minutes
China Stock Market Due For Consolidation

China Stock Market Due For Consolidation

The China stock market has finished higher in six straight sessions, collecting more than 100 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,600-point plateau although it's likely to see a downward correction on Friday.
RTTNews | il y a 1h 10min
Taiwan Shares May Tick Higher Again On Friday

Taiwan Shares May Tick Higher Again On Friday

The Taiwan stock market has moved higher in consecutive trading days, gathering almost 400 points or 1.8 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,375-point plateau and it may see mild upside again on Friday.
RTTNews | il y a 1h 40min