Sensex, Nifty Close On Buoyant Note

RTTNews | 675 days ago

(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.

South Korea Export Prices Sink 0.6% In February

Export prices in South Korea were down 0.6 percent on month in February, the Bank of Korea said on Friday - after rising 1.3 percent in January.

RTTNews | 4h 19min ago

Dollar Rises Against Major Counterparts Amid Tariff War

The U.S. dollar climbed higher against its major counterparts on Thursday with rising worries about the impact of the tariff war between the U.S. and some major trading partners pushed up the demand for the safe-haven currency.

RTTNews | 4h 24min ago

Swiss Market Ends Modestly Lower After Choppy Session

The Switzerland market ended modestly lower on Thursday after a choppy session, as the ongoing trade war between the U.S. and other countries including Canada, China and the EU nations weighed on investor sentiment.

RTTNews | 6h 22min ago

European Stocks Close Weak As Tariff War Hurts Sentiment

European stocks closed broadly lower on Thursday amid rising concerns about global economic growth following U.S. President's tariffs on steel and aluminum, the retaliatory measures from Canada and the European Union, and subsequent threat by Trump that reciprocal tariffs on U.S.' trade partners will take effect next month.

RTTNews | 6h 44min ago

U.S. Dollar Advances Amid Tariff Concerns

The U.S. dollar firmed against its most major counterparts in the New York session on Thursday, as investors rushed to safe-haven assets amid concerns about President Donald Trump's trade policies after he suggested the U.S. would respond to the European Union's countermeasures with even more tariffs.

RTTNews | 6h 44min ago

Canadian Market Moderately Lower In Cautious Trade

The Canadian market is down in negative territory around noon on Thursday amid rising concerns over fresh tariffs, and on fears of recession in the U.S. and Canada. Tariff worries keep investors on the edge after Canada and the EU swiftly retaliated against U.S. steel and aluminum tariffs and President Trump vowed to respond to the countermeasures.

RTTNews | 8h 11min ago

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 220,000

A report released by the Labor Department on Thursday unexpectedly showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 8th. The Labor Department said initial jobless claims edged down to 220,000, a decrease of 2,000 from the previous week's revised level of 222,000. The dip surprised economists, who had expected jobless claims to inch up to 225,000.

RTTNews | 11h 56min ago

U.S. Producer Prices Unexpectedly Flat In February

With an increase in prices for goods offset by a decrease in prices for services, the Labor Department released a report on Thursday showing producer prices in the U.S. were unexpectedly flat in the month of February. The Labor Department said its producer price index for final demand was unchanged in February after climbing by an upwardly revised 0.6 percent in January.

RTTNews | 11h 59min ago

EURUSD	1.08518	GBPUSD	1.29497	AUDUSD	0.62803
USDJPY	147.759	USDCAD	1.44414	USDCHF	0.88168

Advertisement

Sensex, Nifty Close On Buoyant Note