Sensex, Nifty Close On Buoyant Note

RTTNews | 815 dagar sedan

(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. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 1h 44minuter sedan

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 2h 27minuter sedan

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 2h 35minuter sedan

U.S. Consumer Prices Increase In Line With Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.

RTTNews | 3h 18minuter sedan

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

RTTNews | 3h 22minuter sedan

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.

RTTNews | 3h 27minuter sedan

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

The UK stock market is up in positive territory Thursday afternoon, riding on some strong earnings and guidance updates from big name companies. Investors are also reacting to the latest developments on the tariff front.

RTTNews | 3h 56minuter sedan

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.

RTTNews | 4h 12minuter sedan

EURUSD	1.14272	GBPUSD	1.32249	AUDUSD	0.643
USDJPY	150.653	USDCAD	1.38433	USDCHF	0.81209

Advertisement

Sensex, Nifty Close On Buoyant Note