Sensex, Nifty End On Firm Note; Oil, Adani Group Shares Post Strong Gains

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(RTTNews) - After moving along the unchanged line, with stocks swinging between gains and losses till well past noon on Tuesday, the benchmark indices Sensex and the Nifty50 climbed higher in the final ninety minutes of the session to eventually end on a firm note.

The BSE benchmark Sensex, which climbed to 66,256.20 in the final hour, ended with a gain of 204.16 points or 0.31% at 66,174.20. The broader Nifty50 of the National Stock Exchange settled at 19,889.70, gaining 95 points or 0.48%.

Oil stocks were in demand, buoyed by weak crude oil prices. Automobile, metal and PSU bank stocks also closed on a strong note.

Tata Motors rallied more than 3.5% after the company said that it plans to hike prices of its vehciles in January 2024. Bajaj Finserv and UltraTech Cement gained about 2.4% and 2.1%, respectively.

Bajaj Finance, Bharti Airtel, NTPC, Titan and Axis Bank ended higherby 1.2 to 1.5%.

BPCL, Coal India and ONGC climbed 2.7 to 3%. Hero Motocorp, Grasim Industries, Britannia Industries, Bajaj Auto and Bharti Airtel also ended notably higher. Maruti Suzuki edged up marginally. The carmaker announced it is planning to hike the prices of all its variants in January 2024.

SAIL gained 2%. The state-run steel producer seeks to increase the provisional price of rails to the Indian Railways, citing higher costs.

ITC, Sun Pharmaceutical Industries, ICICI Bank, Apollo Hospitals Enterprises, Cipla, Hind Unilever and Eicher Motors closed weak.

Adani group shares had a pretty good session following the Supreme Court concluding hearings on several petitions demanding an inquiry into the Adani-Hindenburg matter, and SEBI informing the court that it does not need additional time to complete its investigation into the Adani Group.

Adani Enterprises climbed 9.2%, Adani Ports gained about 5.7%, Adani Total Gas and Adani Energy Solutions both soared 20%, Adani Green Energy zoomed 13.6%, Adani Power surged 12.8% and Adani Wilmar rallied 10%.

Newgen Software Technologies Limited hit the 5% upper circuit after the company announced that its board has approved the proposal to issue bonus shares in the ratio of 1:1. The company has set the record date as Friday, 12 January 2024 for the purpose.

On the economic front, S&P Global Ratings has raised India's GDP growth rate forecast for 2023-24 to 6.4% from 6% earlier. However, it has slashed the GDP growth projection for financial year 2024-25 by 50 basis points to 6.4%.

India's Q2 GDP data and the infrastructure output data for October will be released on Thursday while the manufacturing PMI numbers will be out on Friday.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | il y a 1h 19min

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | il y a 1h 35min

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | il y a 2h 5min

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | il y a 2h 17min

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | il y a 2h 25min

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | il y a 2h 34min

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | il y a 2h 42min

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | il y a 3h 4min

EURUSD	1.16442	GBPUSD	1.35092	AUDUSD	0.6514
USDJPY	147.134	USDCAD	1.3778	USDCHF	0.80135