Transcript
Hi everyone, I am Neha Vashishth and I am back again with another episode of ET Market Watch - your daily podcast for daily stock market wrap-up.
BSE and NSE closed higher for the 4th straight session today due to several reasons such as US GDP quarterly growth rate, positive cues from the global markets and more. The indices were mainly led by Reliance, Infosys and Bajaj Finance. Sensex rose 349 pts and settled at 60, 649 while Nifty rose 101 pts and ended at 17, 915.
Today's gainers and losers
Bajaj Finance and Bajaj Finserv were the top gainers, rising about 2%. Infosys, Bharti Airtel, Kotak Bank, L&T and M&M also closed in the green zone whereas HUL, Power Grid, Axis Bank, SBI, TCS and Asian Paints closed in the red zone.
Stocks in news today
Raymond closed 6.5% higher as Godrej Consumer Products is in talks for a deal for its consumer care business. L&T Technology Services ended 8% higher after its March quarter results as well.
Sector-wise performance
Nifty Realty rose 1.53% and Nifty IT gained 1.07%. Banks, financial, auto, media, metal, pharma, healthcare, consumer durables and oil & gas sectors also closed higher. Nifty Midcap 100 rose 0.56% and Smallcap 100 surged 0.80%.
Global markets
Asian shares mostly rose even when there were worries about the US banking sector and inflationary pressures. Japan's Nikkei 225 rose 0.1%. Hong Kong's Hang Seng hiked 0.4% while the Shanghai Composite rose 0.6%.