Stock Market: Sensex Jumps 418 Points, Nifty Ends Above 18,700. All Sectors In The Green

Stock update: On the 30-share Sensex platform, Asian Paints, Titan, ITC, Reliance, Tata Steel, Bajaj Finserv emerged gainers. Kotak Bank, M&M, HCL, SBI, Tata Motors, Maruti were among the losers

In the broader market, the BSE Midcap index rose 1 per cent and Smallcap index added 0.8 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Tuesday closed in the green following an ease in CPI inflation announced a day earlier. The S&P BSE Sensex scaled a high of 63,177 in late deals led by strong gains in index heavyweights – Reliance Industries (RIL), ITC, ICICI Bank and Infosys. The Sensex eventually settled with a gain of 418 points at 63,143. On the other hand, the NSE Nifty 50 hit a high of 18,729, and settled 115 points higher at 18,716.

On the 30-share Sensex platform, Asian Paints, Titan, ITC, Reliance, Tata Steel, Bajaj Finserv emerged gainers. On the downside, Kotak Bank, M&M, HCL, SBI, Tata Motors, Maruti were among the losers.

#ABPLiveStockMarketWatch | Indian equity benchmarks on Tuesday closed in the green following ease in CPI inflation

At 03:30 PM, #Sensex gains 418 points to 63,143 & #Nifty up 115 points to close at 18,716

Here's a look at the stocks in focus#ClosingBell #ABPLive #MarketWatch pic.twitter.com/LuC9KeopmP

— ABP LIVE (@abplive) June 13, 2023

In the broader market, the BSE Midcap index rose 1 per cent and Smallcap index added 0.8 per cent.

All the sectoral indices ended in the green with realty up 3 per cent, while FMCG, pharma, metal and PSU Bank up 1 per cent each.

The overall breadth too was fairly positive, with more than 2,100 stocks advancing versus 1,450-odd declining stocks on the BSE.

In the previous session on Monday, the S&P BSE Sensex gained 99 points to 62,725, while the NSE Nifty 50 moved 38 points up to 18,600.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong ended in the green. Equity markets in Europe were trading mostly in positive territory. The US markets ended in positive territory on Monday.

Global oil benchmark Brent crude climbed 1.55 per cent to $72.95 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 626.62 crore on Monday, according to exchange data.

Meanwhile, the rupee gained 5 paise to settle at 82.38 (provisional) against the US dollar on Tuesday, as a weak greenback overseas and strong macroeconomic data supported investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.42 against the US dollar and settled at 82.38 (provisional), up 5 paise over its previous close.

During the day, the domestic unit witnessed an intra-day high of 82.35 and a low of 82.47. On Monday, the rupee closed at 82.43 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.37 per cent to 103.27.