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Sensex, Nifty end flat in volatile trade; Auto, Realty Q4 results add positivity
Neha Vashishth | 03:19 Min | April 10, 2023, 6:51 PM IST
In the Sensex pack, Tata Motors was the top gainer, rising over 5% after a strong year-on-year jump in its global wholesales in Q4FY23. Wipro, Power Grid, L&T, M&M and Tech Mahindra also closed with gains.
Transcript
Hi all, welcome to ET market watch - your daily podcast for everything related to the stock market. Let's start with the top things to know about today's market closing, I am Neha Vashishth for ET Markets.. let's go
NSE and BSE closed flat as gains from Tata Motors, TCS and Infosys were offset by losses in ICICI Bank and Reliance. Although - strong quarterly business updates from auto and realty companies added some positivity.
Sensex rose 13 points and settled at 59,846 while .....Nifty surged 25 points and ended at 17,624.
Coming to today's gainers and losers
In the Sensex pack, Tata Motors was the top gainer, rising over 5% after a strong year-on-year jump in its global wholesales in Q4FY23. Wipro, Power Grid, L&T, M&M and Tech Mahindra also closed with gains.
On the other hand, Bajaj Finance, IndusInd Bank, HUL, Asian Paints, ICICI Bank and Axis Bank closed with cuts.
Godrej Properties closed over 9% higher after the company recorded bookings worth Rs 4,051 crore for the quarter ended in March. Shares of Adani Total Gas also ended with a 5% upper circuit after the company reduced the price of compressed natural gas (CNG) and piped natural gas (PNG).
On the sectoral front, Nifty Realty advanced 4.29% and Nifty Auto rose 1.18%. Whereas, Nifty Bank and Nifty Financial Services closed lower. Nifty Midcap50 gained 0.37% and Smallcap50 surged 0.65%.
Global Markets
Shares were mostly higher in Asia after a report on Friday showed resilience in the US jobs market.
Nikkei 225 index rose 0.4%, Kospi surged 0.9%, Shanghai Composite index lost 0.4% Shares rose in Taiwan but fell in Southeast Asia.
Coming to oil
After rising for 3 weeks straight - Oil steadied. This is due to looming supply cuts from Saudi and other OPEC+ producers over concern about weakening global growth that may dampen fuel demand.
Brent crude rose 18 cents to $85.30 a barrel, while US WTI crude gained 11 cents to $80.81.
Lastly, the Indian rupee weakened against the dollar ahead of another possible Fed reserve rate hike. The rupee finished at 81.98 per US dollar.
Well, that's all for today. I will be back tomorrow with another podcast - till then stay tuned to ET Markets for everything related to the stock market and more.
NSE and BSE closed flat as gains from Tata Motors, TCS and Infosys were offset by losses in ICICI Bank and Reliance. Although - strong quarterly business updates from auto and realty companies added some positivity.
Sensex rose 13 points and settled at 59,846 while .....Nifty surged 25 points and ended at 17,624.
Coming to today's gainers and losers
In the Sensex pack, Tata Motors was the top gainer, rising over 5% after a strong year-on-year jump in its global wholesales in Q4FY23. Wipro, Power Grid, L&T, M&M and Tech Mahindra also closed with gains.
On the other hand, Bajaj Finance, IndusInd Bank, HUL, Asian Paints, ICICI Bank and Axis Bank closed with cuts.
Godrej Properties closed over 9% higher after the company recorded bookings worth Rs 4,051 crore for the quarter ended in March. Shares of Adani Total Gas also ended with a 5% upper circuit after the company reduced the price of compressed natural gas (CNG) and piped natural gas (PNG).
On the sectoral front, Nifty Realty advanced 4.29% and Nifty Auto rose 1.18%. Whereas, Nifty Bank and Nifty Financial Services closed lower. Nifty Midcap50 gained 0.37% and Smallcap50 surged 0.65%.
Global Markets
Shares were mostly higher in Asia after a report on Friday showed resilience in the US jobs market.
Nikkei 225 index rose 0.4%, Kospi surged 0.9%, Shanghai Composite index lost 0.4% Shares rose in Taiwan but fell in Southeast Asia.
Coming to oil
After rising for 3 weeks straight - Oil steadied. This is due to looming supply cuts from Saudi and other OPEC+ producers over concern about weakening global growth that may dampen fuel demand.
Brent crude rose 18 cents to $85.30 a barrel, while US WTI crude gained 11 cents to $80.81.
Lastly, the Indian rupee weakened against the dollar ahead of another possible Fed reserve rate hike. The rupee finished at 81.98 per US dollar.
Well, that's all for today. I will be back tomorrow with another podcast - till then stay tuned to ET Markets for everything related to the stock market and more.
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