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Sensex reclaims Mt 60K led by financial, IT stocks; Nifty above 17,700
Neha Vashishth | 03:03 Min | April 24, 2023, 5:31 PM IST
India's 10-year government bond yields also fell to seven months low. The benchmark 7.26% 2033 bond yield was at 7.1163%, its lowest since September 13, and down four basis points from the previous close.
Transcript
Hi everyone, this is Neha Vashishth from ET Markets. A very warm welcome to ET market watch - your daily podcast for daily stock market updates.
BSE and NSE ended higher today and were mainly led by banking, financial and IT stocks.
Sensex ended 401 points higher and ended at 60,056, while Nifty50 rose 119 points to settle at 17,743.
India's 10-year government bond yields also fell to seven months low. The benchmark 7.26% 2033 bond yield was at 7.1163%, its lowest since September 13, and down four basis points from the previous close.
Today's gainers and losers:
In the Sensex pack, Wipro, ICICI Bank, Axis Bank, Titan and SBI were the top gainers, rising 2-3%. UltraTech Cement, HDFC, HDFC Bank and NTPC also closed higher. On the flip side, IndusInd Bank, Sun Pharma, Maruti and Bharti Airtel closed in the red.
Stocks in focus today
Shares of HDFC Life closed 6.7% higher after the RBI allowed HDFC Bank or HDFC Ltd to increase their shareholding in the life insurance firm. YES Bank closed 3% lower after Q4 results.
On the sectoral front, the Nifty PSU Bank advanced 2.61%, and Nifty Financial Services surged 1.28%. FMCG, IT, metal, realty, consumer durables and oil & gas sectors also closed higher. Whereas in the broader market, Nifty Midcap100 increased by 0.39% and Smallcap100 advanced by 0.59%.
Global Markets
Asian stocks were mixed today. Hong Kong, Shanghai, Sydney and Seoul were all down, while Singapore was flat and Tokyo rose.
Rupee & Oil
The Indian rupee gained against the US dollar outperforming its Asian counterparts as foreign banks in India were seen selling the greenback. The rupee finished at 81.9050 per dollar to notch its biggest intraday percentage gain since April 13.
Lastly, oil prices were steady today as concerns over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 22 cents to $81.44 a barrel. US West Texas Intermediate crude was down 10 cents at $77.77.
That's it for today, stay tuned to ET Markets for more.
BSE and NSE ended higher today and were mainly led by banking, financial and IT stocks.
Sensex ended 401 points higher and ended at 60,056, while Nifty50 rose 119 points to settle at 17,743.
India's 10-year government bond yields also fell to seven months low. The benchmark 7.26% 2033 bond yield was at 7.1163%, its lowest since September 13, and down four basis points from the previous close.
Today's gainers and losers:
In the Sensex pack, Wipro, ICICI Bank, Axis Bank, Titan and SBI were the top gainers, rising 2-3%. UltraTech Cement, HDFC, HDFC Bank and NTPC also closed higher. On the flip side, IndusInd Bank, Sun Pharma, Maruti and Bharti Airtel closed in the red.
Stocks in focus today
Shares of HDFC Life closed 6.7% higher after the RBI allowed HDFC Bank or HDFC Ltd to increase their shareholding in the life insurance firm. YES Bank closed 3% lower after Q4 results.
On the sectoral front, the Nifty PSU Bank advanced 2.61%, and Nifty Financial Services surged 1.28%. FMCG, IT, metal, realty, consumer durables and oil & gas sectors also closed higher. Whereas in the broader market, Nifty Midcap100 increased by 0.39% and Smallcap100 advanced by 0.59%.
Global Markets
Asian stocks were mixed today. Hong Kong, Shanghai, Sydney and Seoul were all down, while Singapore was flat and Tokyo rose.
Rupee & Oil
The Indian rupee gained against the US dollar outperforming its Asian counterparts as foreign banks in India were seen selling the greenback. The rupee finished at 81.9050 per dollar to notch its biggest intraday percentage gain since April 13.
Lastly, oil prices were steady today as concerns over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 22 cents to $81.44 a barrel. US West Texas Intermediate crude was down 10 cents at $77.77.
That's it for today, stay tuned to ET Markets for more.
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