Sensex, Nifty Close On Buoyant Note

RTTNews | 804 ngày trước

(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.

Rally May Stall For Taiwan Stock Market

The Taiwan stock market has finished higher in four straight sessions, collecting almost 770 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,380-point plateau although it may spin its wheels on Monday.

RTTNews | 14 phút trước

Singapore Shares Overdue For Consolidation

The Singapore stock market has moved higher in 10 straight sessions, improving more than 170 points or 4.3 percent along the way. The Straits Times Index now rests just beneath the 4,190-point plateau although it's likely to see profit taking on Monday.

RTTNews | 44 phút trước

Malaysia Stock Market May Spin Its Wheels On Monday

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although investors may cash in on Monday.

RTTNews | 1h 14phút trước

Thai Bourse May Slip Back Beneath 1,200 Points On Monday

The Thai stock market has tracked higher in two straight sessions, advancing almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,205-point plateau although it may see a downward correction on Monday.

RTTNews | 1h 20phút trước

KOSPI May Remain Stuck In Neutral On Monday

The South Korea stock market has moved lower in two of three days since the end of the two-day winning streak in which it had climbed almost 40 points or 1.2 percent. The KOSPI sits just beneath the 3,190-point plateau and it figures to remain in that neighborhood again on Monday.

RTTNews | 1h 44phút trước