Sensex & Nifty end higher due to positive global markets, cooling domestic inflation

Hi all, I am Neha Vashishth. Welcome back to ET Market Watch - your daily podcast - where we bring you the latest news from the world of stock market everyday. Let's take a look at today's highlights.

Indian Equity Indices
Sensex and Nifty both closed higher today due to positive global markets and cooling domestic retail inflation. The indices were mainly led by banking, auto and IT stocks. Sensex rose 318 pts and settled at 62,346 while Nifty, on the other hand, surged 84 pts and ended at 18,399.

Today's gainers and losers
Tata Motors, ITC, Tech Mahindra, HUL, L&T and Infosys were the top gainers, rising 1-3%. On the other hand, Maruti, TCS, Bajaj Finance, Asian Paints, Sun Pharma and Bajaj Finserv closed with cuts.

Sector-wise performance
Nifty realty advanced 4.32%, and Nifty PSU Bank rose 1.13%. Nifty FMCG and Nifty Media also closed higher. In the broader market, Nifty Midcap100 rose 0.74%, while Smallcap100 gained 0.81%.

Global Markets
World stocks rose on hopes of a successful debt ceiling outcome. Japan's Nikkei rose 0.81%, Shanghai rose 1.17% and Hong Kong's Hang Seng rose 1.75% while South Korea's Kospi rose 0.16%.

Indian Rupee & Oil
Lastly, Indian rupee fell 13 paise to end at $82.31 against the US dollar in early trade. Oil prices were steady due to bullish sentiment about tightening supply cuts from OPEC+ and a resumption in US buying for reserves
Brent crude futures rose 14 cents to $74.31 a barrel, while US West Texas Intermediate crude was at $70.22 a barrel, up 19 cents. Well, that's all for today. Stay tuned to ET Markets for more.