Closing Bell: Sensex gains 59 points, Nifty up 36 points
- The Sensex added 59.15 points or 0.10% to settle at 58,833.87
- The Nifty gained 36.45 points or 0.21% to end at 17,558.90
- Rupee appreciated by 6 paise to close at 79.86 against the US dollar
Indian equity benchmarks ended in green on Friday, with the Sensex surging over 59 points, as fag-end volatility trimmed most of the day’s gains. A largely firm trend in global markets and foreign fund inflows propped up the bourses, traders said.
The Sensex added 59.15 points or 0.10% to settle at 58,833.87. During the day, it jumped 546.93 points or 0.93% to 59,321.65. The Nifty gained 36.45 points or 0.21% to end at 17,558.90.
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The broader indices ended in green with the BSE Midcap index up by 0.40% and the Small cap index up by 0.35%. The top gaining sectoral indices on the BSE were Metal up by 1.62%, Consumer Durables up by 1.50%, Utilities up by 1.31%, PSU up by 1.26%, and Capital Goods up by 1.25%, while Realty down by 0.40%, FMCG down by 0.15% and Healthcare down by 0.07% were the only losing indices on BSE.
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Top gainers from the Sensex pack were NTPC up by 2.80%, Titan Company up by 2.65%, Power Grid Corp up by 1.92%, Kotak Mahindra up by 1.71%, Larsen & Toubro up by 1.47%, Tech Mahindra up by 1.41%, Tata Steel up by 1.13% and Mahindra up by 1.06%.
Among the laggards were IndusInd Bank down by 1.92%, HDFC down by 1.20%, Asian Paints down by 1.18%, Bharti Airtel down by 1.02%, Dr Reddy’s Labs down by 0.60%, Reliance down by 0.45%, Hindustan Unilever down by 0.20% and ICICI Bank down by 0.06%.
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The rupee appreciated by 6 paise to close at 79.86 against the US dollar, supported by foreign fund inflows and a positive trend in domestic equities.
Asian markets ended mostly higher with the KOSPI Composite up by 0.15%, Nikkei 225 up by 0.57%, Heng Seng up by 1.01%, while Shanghai Composite was down by 0.31%.
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European stock markets were trading lower during mid-session deals. US stock markets had ended with gains on Thursday.
“Investors’ lack of confidence and caution in anticipation of the Fed chair’s remarks led to a significant sell-off towards the close of the session. Western markets are trading with cuts as they await clues on further policy actions by the Fed to tame elevated inflation. This is expected to impact demand,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Brent crude, the international oil benchmark jumped 1.14% to $100.5 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) bought shares worth a net Rs 369.06 crore on Thursday.
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