नवीनतम
Sensex, Nifty close at new highs
MUMBAI [Maha Media]: The Indian stock market closed in green on Thursday after the Nifty surged 80 points to close at 22514 and Sensex also gained 350 points to close at 74227. During Thursday's trading session, benchmark equity indices experienced volatility following a surge to new all-time highs, as profit-taking activities emerged. In the Nifty 50 list 31 shares closed in green while 19 closed in red.
Notable gainers included HDFC Bank, which surged by 3% to Rs 1,526, reporting an impressive YoY growth of over 100% in retail loans for Q4. Meanwhile, NTPC, Axis Bank, Power Grid Corporation, and Tata Steel also witnessed substantial gains. Conversely, notable losers among Sensex constituents were IndusInd Bank, Sun Pharma, ITC, Reliance, ICICI Bank, and HCL Technologies. In the broader market, the BSE MidCap index remained flat, while the SmallCap index saw a marginal increase of 0.1%.
On the global front, Asian shares rallied as investors awaited clarity on potential rate cuts by the US Federal Reserve. Amidst geopolitical tensions and supply disruptions, commodities saw significant movements, with gold reaching a fresh record of $2,304 per ounce. Oil prices surged to a five-month peak, driven by supply concerns stemming from geopolitical conflicts in Ukraine and the Middle East.
With the Monetary Policy result due tomorrow, the market can react after the announcement of results.
