Stock Market Update: Sensex Rises 403 Points, Nifty Ends Above 18,600-Mark As Domestic Inflation Eases
On the 30-share Sensex platform, Indusind Bank, Bajaj Finance, Infosys, HCL Tech, Mahindra & Mahindra, and TCS were among the major gainers
The Indian equity market closed in green on Thursday amid positive global cues and favorable domestic retail inflation data for November. Inflation for November eased below the RBI's tolerance band at an 11-month low of 5.88 percent. The BSE Sensex gained 403 points (0.65 per cent) to close at 62,533, while Nifty gained 111 points (0.60 per cent) to end at 18,608. The indices hit intra-day lows of 61,568 and 18,617, respectively.
On the 30-share Sensex platform, Indusind Bank, Bajaj Finance, Infosys, HCL Tech, Mahindra & Mahindra, and TCS were among the major gainers. Tata Steel, Nestle India, Maruti, Titan, and Hindustan Unilever were the only losers of the day.
In the broader markets, the BSE MidCap and SmallCap indices gained 0.25 per cent and 0.40 per cent, respectively.
Among sectoral indices, the Nifty PSU Bank index jumped 3.9 per cent, followed by the Nifty IT index (1.2 per cent). On the downside, Nifty Realty fell 0.7 per cent.
On Monday, Markets ended flat with Sensex shedding 51 points to close at 62,131, while Nifty gained 0.55 points to end at 18,497.
Elsewhere, Asian markets ended mixed on Tuesday. Japan’s Nikkei 225 rose 0.40 per cent, while South Korea’s Kospi fell 0.03 per cent and China’s Shanghai Composite declined 0.09 per cent.
The global oil benchmark, Brent crude futures climbed 1.73 per cent to $79.32 per barrel.
The rupee declined by 36 paise to close at 82.87 (provisional) against the US dollar on Tuesday.
At the interbank foreign exchange market, the rupee opened lower at 82.63 against the greenback and witnessed a high of 82.60 and a low of 82.87.
Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Monday as they offloaded shares worth Rs 138.81 crore, according to exchange data.
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