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Nifty, Sensex end marginally higher amid mixed global cues
Neha Vashishth | 03:06 Min | March 16, 2023, 8:50 PM IST
In the Sensex pack, Nestle, Titan, Asian Paints and HUL closed with over 2% gains. Sun Pharma, SBI, Tata Motors, Power Grid and Bajaj Finserv also closed with gains.
Transcript
Hi all, I am Neha Vashishth. Welcome back to another episode of ET Market Watch podcast - your daily dose straight from the D-street.
Let's start with India first, amid mixed global cues, BSE & NSE ended marginally higher in a highly volatile market led by banking, financial and FMCG stocks.
Sensex rose 79 points or 0.14% to settle at 57,635 while Nifty surged 13 points or 0.08% to end at 16,985.
In the Sensex pack, Nestle, Titan, Asian Paints and HUL closed with over 2% gains. Sun Pharma, SBI, Tata Motors, Power Grid and Bajaj Finserv also closed with gains.
On the other hand, Tata Steel, IndusInd Bank, Bharti Airtel and Infosys closed with losses.
On the sectoral front, Nifty media advanced 4.16% and Nifty FMCG gained 1.14%. Nifty Bank and Nifty Financial Services also closed higher. In the broader market, Nifty Midcap50 rose 0.52%, while Smallcap50 plunged 0.38%.
Global Markets
Asian markets slid Thursday with contagion fears hitting banks but European equities rallied after Credit Suisse said it had taken a huge loan from the Swiss central bank. Credit Suisse later announced it would borrow nearly $54 billion to support the group. The news sent shares in the firm surging 32% at the start of business Thursday.
Hong Kong gave up 1.7%, while Tokyo, Sydney, Shanghai, Seoul, Singapore, Bangkok, Taipei, Manila and Jakarta were also down.
Crude price rises
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed after Credit Suisse was thrown a financial lifeline by Swiss regulators.
Brent crude futures were up 78 cents and ended at $74.47 per barrel. West Texas Intermediate crude futures (WTI) rose 0.70 cents to $68.31 a barrel.
Rupee Weakens
The Rupee weakened 0.17% versus the US dollar, and quoted at 82.73 per dollar, as concerns over a European lender dented broader risk sentiment. The dollar index, which tracks the movement of the greenback against a basket of six major world currencies, declining 0.21% to 104.42 level.
That's it for today. I will see you tomorrow, post market! Stay tuned to ETMarkets.com for stock market analysis, expert views, news & more.
Let's start with India first, amid mixed global cues, BSE & NSE ended marginally higher in a highly volatile market led by banking, financial and FMCG stocks.
Sensex rose 79 points or 0.14% to settle at 57,635 while Nifty surged 13 points or 0.08% to end at 16,985.
In the Sensex pack, Nestle, Titan, Asian Paints and HUL closed with over 2% gains. Sun Pharma, SBI, Tata Motors, Power Grid and Bajaj Finserv also closed with gains.
On the other hand, Tata Steel, IndusInd Bank, Bharti Airtel and Infosys closed with losses.
On the sectoral front, Nifty media advanced 4.16% and Nifty FMCG gained 1.14%. Nifty Bank and Nifty Financial Services also closed higher. In the broader market, Nifty Midcap50 rose 0.52%, while Smallcap50 plunged 0.38%.
Global Markets
Asian markets slid Thursday with contagion fears hitting banks but European equities rallied after Credit Suisse said it had taken a huge loan from the Swiss central bank. Credit Suisse later announced it would borrow nearly $54 billion to support the group. The news sent shares in the firm surging 32% at the start of business Thursday.
Hong Kong gave up 1.7%, while Tokyo, Sydney, Shanghai, Seoul, Singapore, Bangkok, Taipei, Manila and Jakarta were also down.
Crude price rises
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed after Credit Suisse was thrown a financial lifeline by Swiss regulators.
Brent crude futures were up 78 cents and ended at $74.47 per barrel. West Texas Intermediate crude futures (WTI) rose 0.70 cents to $68.31 a barrel.
Rupee Weakens
The Rupee weakened 0.17% versus the US dollar, and quoted at 82.73 per dollar, as concerns over a European lender dented broader risk sentiment. The dollar index, which tracks the movement of the greenback against a basket of six major world currencies, declining 0.21% to 104.42 level.
That's it for today. I will see you tomorrow, post market! Stay tuned to ETMarkets.com for stock market analysis, expert views, news & more.
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