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Sensex ends above 62K, Nifty holds above 18,300-mark
02:51 Min | May 12, 2023, 7:36 PM IST
Indian equity indices reversed early losses and ended higher. The indices were mainly led by banking, financial and auto stocks. Sensex rose 123 points and settled at 62,027 while nifty on the other hand rose 18 points and ended at 18,315.
Transcript
Hi all, welcome back to ET Market Wrap - your daily podcast where we bring you the latest news from the world of stock market everyday. Let's start with today's big updates
Indian equity indices reversed early losses and ended higher. The indices were mainly led by banking, financial and auto stocks. Sensex rose 123 points and settled at 62,027 while nifty on the other hand rose 18 points and ended at 18,315.
Gainers and losers of the day
M&M, IndusInd Bank, Axis Bank, and HUL were the top gainers, rising 1-2%.
HCL Tech, SBI, HDFC Bank and Bajaj Finance also closed higher.
On the flip side, Power Grid, NTPC, Tata Steel, UltraTech Cement, Nestle and Sun Pharma closed lower.
Shares in news today
Shares of Zensar closed 9.6% higher after the firm reported a 55.9% QoQ jump in net profit at Rs 119.2 crore in Q4 FY23.
While Intellect Design Arena closed 14% higher, the firm reported a 21% YoY rise in its FY23 total revenue to Rs 2,246 crore.
On the sectoral front, Nifty Auto, Nifty Bank, Nifty Financial Services and Nifty Consumer Durables closed higher. Whereas, in the broader market, Nifty Midcap100 fell 0.41%, while Smallcap100 declined 0.75%.
Global Markets
Asian shares were mostly lower on looming worries over US banks and lagging demand from China, which is the region's major driver of growth. Japan's benchmark Nikkei 225 gained 0.9%, while South Korea's Kospi dropped 0.4%. The Shanghai Composite lost 0.1%.
Rupee and crude:
Indian rupee fell to a three-week low and closed at 82.1625 per US dollar. Oil prices also slipped as renewed economic concerns in the US and China revived concern about fuel demand growth in the world's two largest oil consumers.
Brent crude futures fell 0.57%, to $74.55 a barrel.
WTI US crude futures were down 0.47%, to $70.54. Well that's all for today, stay tuned to ET Markets for more.
Indian equity indices reversed early losses and ended higher. The indices were mainly led by banking, financial and auto stocks. Sensex rose 123 points and settled at 62,027 while nifty on the other hand rose 18 points and ended at 18,315.
Gainers and losers of the day
M&M, IndusInd Bank, Axis Bank, and HUL were the top gainers, rising 1-2%.
HCL Tech, SBI, HDFC Bank and Bajaj Finance also closed higher.
On the flip side, Power Grid, NTPC, Tata Steel, UltraTech Cement, Nestle and Sun Pharma closed lower.
Shares in news today
Shares of Zensar closed 9.6% higher after the firm reported a 55.9% QoQ jump in net profit at Rs 119.2 crore in Q4 FY23.
While Intellect Design Arena closed 14% higher, the firm reported a 21% YoY rise in its FY23 total revenue to Rs 2,246 crore.
On the sectoral front, Nifty Auto, Nifty Bank, Nifty Financial Services and Nifty Consumer Durables closed higher. Whereas, in the broader market, Nifty Midcap100 fell 0.41%, while Smallcap100 declined 0.75%.
Global Markets
Asian shares were mostly lower on looming worries over US banks and lagging demand from China, which is the region's major driver of growth. Japan's benchmark Nikkei 225 gained 0.9%, while South Korea's Kospi dropped 0.4%. The Shanghai Composite lost 0.1%.
Rupee and crude:
Indian rupee fell to a three-week low and closed at 82.1625 per US dollar. Oil prices also slipped as renewed economic concerns in the US and China revived concern about fuel demand growth in the world's two largest oil consumers.
Brent crude futures fell 0.57%, to $74.55 a barrel.
WTI US crude futures were down 0.47%, to $70.54. Well that's all for today, stay tuned to ET Markets for more.
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