Stock Market Today: Sensex, Nifty Close At Fresh Record High On Strong Q3 GDP
The Nifty ended at 22,338.75, up by 355.95 points or 1.62% and the Sensex closed at 73,745.35, up by 1,245.05 points 1.72%.
KEY HIGHLIGHTS
Yield On The 10-Year Bond Ends Lower
The yield on the 10-year bond closed 2 bps lower at 7.06% on Friday.
Source: Bloomberg
Rupee Flat Against U.S. Dollar
The local currency closed flat at 82.91 against the U.S. Dollar.
Source: Bloomberg
Sensex, Nifty Close At Fresh Record High On Strong Q3 GDP: Closing Bell
Benchmark equity indices ended the last day of the week higher after the country's third-quarter GDP beat economists' estimates.
The Nifty ended at 22,338.75, up by 355.95 points or 1.62% and the Sensex closed at 73,745.35, up by 1,245.05 points 1.72%. Intraday, the Nifty hit a new life high of 22,353.30 points and the Sensex hit a new high of 73,819.21 points.
"Benchmark equity indices opened on a positive note and surged into the green sharply as positive overnight global cues and strong Q3 GDP data boosted investor sentiment," said Avdhut Bagkar Technical and Derivatives Analyst, StoxBox. "Better-than-expected Core PCE reading, the Fed’s preferred inflation gauge met consensus forecasts, helped ease concerns surrounding interest rate cuts."
The markets will remain open on Saturday as a part of the framework for the business continuity plan and disaster recovery site for stock exchanges and depositories and would involve an intraday shift from the primary to the disaster recovery site.
Shares of ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., and Tata Steel Ltd., contributed the most to the gains.
Meanwhile, those of Infosys Ltd., Dr Reddy's Laboratories Ltd., HCLTechnologies Ltd., Sun Pharmaceutical Industries Ltd., and Britannia Industries Ltd. capped the upside.
All sectoral indices ended higher except Nifty Media, Nifty Pharma, and Nifty IT. Nifty Metal, Nifty Auto, and Nifty Bank gained the most.
Broader markets underperformed benchmark indices. The S&P BSE Midcap ended 0.89% higher, and the S&P BSE Smallcap settled 0.68% higher.
On BSE, all 20 sectors ended higher. The S&P BSE Metal index jumped over 3% to emerge as the top gainer. The S&P BSE Services index rose 0.14% to become the worst performer.
Market breadth was skewed in favour of buyers. Around 2,377 stocks rose, 1,463 stocks declined, and 107 stocks remained unchanged on BSE.
Weekly Performance
On a weekly basis, sectoral indices on the NSE ended mixed. Nifty Media fell nearly 7% this week.
Coal India February Business Update
Production at 74.8 MT vs 68.8 MT, up 8.7% YoY
Sales at 65.3 MT vs 58.3 MT, up 12% YoY
Source: Exchange Filing
Maruti Suzuki Feb Auto Sales Up 15% YoY
Total sales at 1.97 lakh units vs 1.72 lakh units, up 15% YoY
Domestic PV sales at 1.6 lakh units vs 1.47 lakh units, up 8.7% YoY
Total domestic sales at 1.69 lakh units vs 1.55 lakh units, up 8.66% YoY
Total exports at 28,927 units vs 17,207 units, up 68.11% YoY
Source: Exchange Filing
