Stock Market Today: Sensex, Nifty Extend Record Run Ahead of FOMC Decision
The NSE Nifty 50 closed at 24,951, up 0.38% or 93.85 points, and the S&P BSE Sensex closed at 81,741, up 0.35% or 285.94 points.
KEY HIGHLIGHTS
Sensex, Nifty Extend Record Run Ahead of FOMC Decision: Market Wrap
India's benchmark stock indices continued their gains for the fourth consecutive session to end at fresh record closing highs on Wednesday, led by gains Maruti Suzuki India Ltd. and Bharti Airtel Ltd.
Both indices closed at their highest levels. The NSE Nifty 50 closed at 24,951, up 0.38% or 93.85 points, and the S&P BSE Sensex closed at 81,741, up 0.35% or 285.94 points.
Brent crude oil snapped its two-day fall to close at 1.63% higher at $79.91 due to geopolitical tensions arising out of Israel's attack on Beirut.
After some movement in the morning trade, the Index remained rangebound for the rest of the day, according to Aditya Gaggar, director at Progressive Shares to settle the last day of the month on a positive note at 24,951.15 with gains of 93.85 points.
"The Index is heading towards the psychological barrier of 25,000 and a sustainable move above the same will push the index further higher to 25,200 whereas on the downside 24,800 will be considered as immediate support," he said.
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Shares of Maruti Suzuki India Ltd. and Bharti Airtel Ltd. were positively contributing to changes in the Nifty 50.
While those of Reliance Industries Ltd., Infosys Ltd. amongst others were weighing the index.
On NSE, 10 out of 12 sectors were trading higher, with Nifty Metal and Pharma advancing the most. The Nifty PSU Bank fell the most.
Broader markets ended on a mixed note. The S&P BSE Midcap index ended 0.86% higher and Smallcap index ended 0.14% lower.
On BSE, 17 sectors advanced, three declined out of 20. The S&P BSE Utilities rose the most, and the S&P BSE Realty declined the most.
Market breadth was skewed in favour of buyers. Around 2,132 stocks rose, 1,820 stocks declined, and 85 remained unchanged on BSE.
Maruti Suzuki Rises Nearly 2% After Q1 Earnings
Shares of Maruti Suzuki India Ltd. rose as much as 2.58% to Rs 13,076.30.
Watch India Market Close At NDTV Profit
Crompton Greaves Q1 Earnings Highlights (Consolidated, YoY)
Revenue rose 13.9% at Rs 2,138 crore vs Rs 1,877 crore
Ebitda rose 25.2% at Rs 232 crore vs Rs 185 crore
Margin at 10.9% vs 9.9%
Net profit rose 24.6% at Rs 152 crore vs Rs 122 crore
Greenply Industries Q1 Earnings Highlights (Consolidated, YoY)
Revenue rose 35.7% at Rs 584 crore vs Rs 430 crore
Other income at Rs 574 crore vs Rs 174 crore
Net profit at Rs 33.2 crore vs Rs 81 lakh
Margin at 9.9% vs 6.3%
Ebitda at Rs 57.9 crore vs Rs 27.1 crore
