Benchmark indices snapped their 3-day losing run as gains in heavyweights like Titan Company, Reliance Industries, HDFC Bank, ICICI Bank, Airtel, and Tata Steel supported sentiment.
The S&P BSE Sensex added 276 points, or 0.42 per cent, to end at 65,931 levels, while the Nifty50 shut shop at 19,783, higher by 89 points or 0.45 per cent.
SBI Life, HDFC Life, Adani Enterprises, Hindalco, and Divis Labs were the additional gainers on the 50-pack index. All these shares advanced between 1 per cent and 2.7 per cent.
In the broader market, the indices extended their winning run but underperformed the frontline peers. The BSE MidCap and SmallCap indices closed 0.14 per cent and 0.20 per cent higher, respectively.
Among sectors, the Nifty Metal index rallied 1.22 per cent, followed by the Nifty Realty (1.13 per cent), and the Nifty Media (1.12 per cent). On the downside, the Nifty PSU Bank index fell 0.35 per cent.
Global Cues
Overnight, a notable dip in US Treasury yields coupled with a strong rally in Microsoft shares, after the latter hired ousted OpenAI CEO Sam Altman, helped the US indices log strong gains. Dow Jones gained 204 points and was less than 1 per cent from its record closing. Nasdaq soared over 1 per cent and the S&P 500 ended 0.7 per cent higher.
Later tonight, Nvidia’s earnings and the US FOMC minutes shall guide the trading action in the US.
Nearer home in Asia, Hong Kong’s Hang Seng and Taiwan were up over 1 per cent each. Kospi too advanced 0.9 per cent. China’s Shanghai indices gained around 0.5 per cent. Japan’s Nikkei, however, was down 0.2 per cent.
Comments
0 comment