Sensex, Nifty Gain For 5th Straight Session, Post New Highs

RTTNews | 669 दिनों पहले

(RTTNews) - As Indian shares turned in another fine performance, the benchmark indices Sensex and the Nifty continued to climb higher and posted fresh intraday and closing highs on Wednesday.

Sustained foreign fund inflows and rising expectations the Federal Reserve is close to end its interest rate hiking cycle contributed to the positive mood in the market.

The benchmark BSE Sensex ended with a gain of 302.30 points or 0.45% at 67,097.44 after hitting a new high at 67,171.38.

The National Stock Exchange's Nifty50, which climbed to 19,815.70, settled with a gain of 83.90 points or 0.42% at 19,833.15.

NTPC surged nearly 3%. Bajaj Finance, UltraTech Cement, Bajaj Finserv, Sun Pharmaceutical Industries, Tata Motors, BPCL, Power Grid Corporation, Relianve Industries and ITC gained 1 to 2.3%.

PSU bank stocks posted impressive gains. Sector heavyweight State Bank of India gained about 1.5%. Bank of Maharashtra rallied 5.4% after reporting a stong 95.2% jump in net profit in the first quarter.

Punjab National Bank climbed 4.3%. Canara Bank, Union Bank of India, IOB, UCO Bank and Bank of Baroda gained 1 to 3%.

Private sector bank IndusInd Bank moved up more than 2%, after reporting a 32.5% surge in standalone net profit for the quarter ended June 2023.

L&T Technology Services shares gained 1.8%. The company reported a 13% year-on-year increase in net profit at Rs 311.1 crore in the first quarter of the current financial year.

ICICI Prudential Life ended lower by 2.7%, weighed down by a 4% drop in annualised premium equivalent to Rs 1,461 crore for the quarter ended June 2023.

Tata Tele (Maharashtra), Finolex Cables, TV 18 Broadcast and Tejas Networks climbed 7.5 to 10%.

RBL Bank, Jubilant Pharma, Bharat Forge, Sundaram Fasteners and MRPL ended notably lower.

The market breadth was strong. On BSE, 1,998 stocks closed higher, and 1,413 stocks posted losses, while 126 stocks settled flat.

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.

RTTNews | 1 दिन पहले

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.

RTTNews | 2 दिनों पहले

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

RTTNews | 2 दिनों पहले

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | 2 दिनों पहले

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | 2 दिनों पहले

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | 2 दिनों पहले

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | 2 दिनों पहले

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 2 दिनों पहले

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882

Advertisement

Sensex, Nifty Gain For 5th Straight Session, Post New Highs