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Sensex gains 274 points led by index heavyweights; Nifty near 19,450
Neha Vashishth | 02:59 Min | July 11, 2023, 7:52 PM IST
Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Infosys, and L&T closed higher, while Bajaj Finance, Axis Bank, HCL Tech, SBI, HDFC and Bajaj Finserv closed lower.
Transcript
Hi everyone, I am Neha Vashishth from ET Markets -Welcome to ET Market Wrap. Let's start with the highlights of the day
-Indian equity indices ended higher today led by heavyweights Reliance, Infosys and ITC
-This was ahead of key inflation data from India and the US due to be released tomorrow
-Sensex advanced 273 points and settled above the 65,600 mark
-Nifty surged 83 points and closed abv 19400 mark
Gainers and losers
Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Infosys, and L&T closed higher, while Bajaj Finance, Axis Bank, HCL Tech, SBI, HDFC and Bajaj Finserv closed lower.
Stocks in news today
Shares of Mazagon Dock Shipbuilders closed with a 10% upper circuit after the Defence Procurement Board cleared the acquisition of three additional Scorpene submarines, extending the current line of boats being built at Mazagaon Dockyards.
CarTrade Tech shares also closed over 14% higher following the announcement on Monday that the company will acquire a 100% stake of Sobek Auto India Private Limited from OLX India BV.
Sectorally, Nifty Auto, Nifty FMCG surged Whereas banks, financial, and metal closed lower. In the broader market, Nifty Midcap100 advanced 0.88%, and Smallcap100 gained 1.26%.
Global Markets
Global shares rose ahead of US inflation data that could support a quicker end to Federal Reserve rate hikes, while the prospect of China propping up economic growth helped lift commodities like oil and copper.
China's Shanghai Composite ended 0.55% higher, and Hong Kong's Hang Seng closed 0.97% higher.
Oil prices and Rupee
Oil prices edged higher today supported by supply cuts by the world's biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023.
Brent crude futures were up 0.37%, to $77.98 a barrel, and US WTI crude was up 0.47%, at $73.33. The Indian rupee rose today as risk appetite rose on fresh bets of the Federal Reserve nearing the end of its rate tightening cycle. The rupee ended at 82.3650 against the dollar.
-Indian equity indices ended higher today led by heavyweights Reliance, Infosys and ITC
-This was ahead of key inflation data from India and the US due to be released tomorrow
-Sensex advanced 273 points and settled above the 65,600 mark
-Nifty surged 83 points and closed abv 19400 mark
Gainers and losers
Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Infosys, and L&T closed higher, while Bajaj Finance, Axis Bank, HCL Tech, SBI, HDFC and Bajaj Finserv closed lower.
Stocks in news today
Shares of Mazagon Dock Shipbuilders closed with a 10% upper circuit after the Defence Procurement Board cleared the acquisition of three additional Scorpene submarines, extending the current line of boats being built at Mazagaon Dockyards.
CarTrade Tech shares also closed over 14% higher following the announcement on Monday that the company will acquire a 100% stake of Sobek Auto India Private Limited from OLX India BV.
Sectorally, Nifty Auto, Nifty FMCG surged Whereas banks, financial, and metal closed lower. In the broader market, Nifty Midcap100 advanced 0.88%, and Smallcap100 gained 1.26%.
Global Markets
Global shares rose ahead of US inflation data that could support a quicker end to Federal Reserve rate hikes, while the prospect of China propping up economic growth helped lift commodities like oil and copper.
China's Shanghai Composite ended 0.55% higher, and Hong Kong's Hang Seng closed 0.97% higher.
Oil prices and Rupee
Oil prices edged higher today supported by supply cuts by the world's biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023.
Brent crude futures were up 0.37%, to $77.98 a barrel, and US WTI crude was up 0.47%, at $73.33. The Indian rupee rose today as risk appetite rose on fresh bets of the Federal Reserve nearing the end of its rate tightening cycle. The rupee ended at 82.3650 against the dollar.
Also Listen
ET Market Watch: Sensex and Nifty end marginally high; Reliance shares shine
Jul 10, 2023, 07.27 PM IST LISTEN03:04ET Market Watch: Sensex resumes downtrend, Nifty at 19,331; Dabur falls 3%
Jul 07, 2023, 07.47 PM IST LISTEN02:36ET Market Watch: Sensex ends at fresh record high, Nifty hits fresh peak of 19,497
Jul 06, 2023, 06.58 PM IST LISTEN02:52
