By: ABP News Bureau | Updated at : 06 Jun 2024 12:05 PM (IST)
Share market today: In the broader markets, Nifty Smallcap advanced nearly 2.5 per cent, while Midcap jumped over 1.50 per cent. ( Image Source : Getty )
Share market today: The two key equity benchmarks, Sensex and Nifty, on Thursday opened higher as investors eye Modi 3.0. At 10.20 am, the BSE Sensex surged 752 points to 75,135. On the other hand, the NSE Nifty50 was trading at 22,850, up 230 points.
On the 30-share Sensex platform, NTPC rose 5 per cent, followed by SBI, L&T, Tata Steel, HCL, TechM emerged gainers. On the down side, HUL, Nestle, Asian Paints, Sun Pharma, Axis Bank, IndusInd Bank were among the losers.
In the broader markets, Nifty Smallcap advanced nearly 2.5 per cent, while Midcap jumped over 1.50 per cent.
Sectorwise, Nifty Realty led with 2.98 per cent gains, followed by PSU Bank rising 2.62 per cent and Media gained 2.02 per cent.
In the previous session on Wednesday, the BSE Sensex soared 2,303 points to close at 74,382, while the NSE Nifty50 closed at 22,620, rising 736 points.
"As the market comes back to normalcy after the abnormal volatility of the last three days, the global construct has turned favourable with rising possibility of rate cuts by the Fed. Clear signs of weakening labour market in the US has led to a sharp decline in the US bond yield to 4.29 per cent," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
In Asian markets, Tokyo, and Hong Kong traded with gains, while Shanghai quoted lower. US markets ended in positive territory on Wednesday.
Global oil benchmark Brent crude climbed 0.38 per cent to $78.71 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,656.26 crore on Wednesday, according to exchange data.
Meanwhile, the rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back of a weak American currency and positive domestic equity markets.
Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision to be announced on Friday.
At the interbank foreign exchange market, the local unit opened at 83.40 and slipped to 83.43 against the greenback, trading 1 paisa higher from its previous close. On Wednesday, the domestic currency settled 7 paise higher at 83.44 against the dollar.
Reliance Becomes First Indian Company To Surpass Rs 21 Lakh Crore Mcap
Share Market Today: Sensex Slips 210 Points; Nifty Holds 24,000. Reliance Gains 2 Per Cent
Share Market Today: Sensex Jumps 400 Points; Nifty Around 24,150. Reliance, SBI Top Gainers
SEBI Approves New Regulations For Financial Influencers. Here's What Has Changed
Stock Market Rally: Discover The Key Factors Fueling Sensex And Nifty Today
Monsoon 2024: Torrential Rains Lash North India, Delhi's Rain-Related Death Toll Reaches 11 — Updates
New NEET-PG Exam Date To Be Revealed Within 2 Days: Education Minister Dharmendra Pradhan
BJP To Contest Haryana Assembly Polls Alone Under CM Nayab Singh Saini's Leadership: Amit Shah
Delhi Liquor Policy Case: Court Sends CM Arvind Kejriwal To CBI's Judicial Custody Until July 12