Stock Market Today: Sensex, Nifty End Higher Led By Gains In M&M, Banks
The Nifty closed at 23537.85, up 0.16% or 36.75 points and the Sensex closed at 77341.08, up by 0.17% or 131.18 points. Intraday, both the Nifty and Sensex fell 0.6%.
KEY HIGHLIGHTS
Rupee Strengthens Against US Dollar
-The local currency strengthened by 7 paise to end at 83.47 against the US dollar.
-It closed at 83.54 on Thursday.
Source: Bloomberg
Sensex, Nifty End Higher Led By Gains In M&M, Banks: Closing Bell
Benchmark equity indices ended the first day of the week on a positive note after a lower open as shares of private banks and M&M gained but those of heavyweight Reliance capped the upside.
The Nifty closed at 23537.85, up 0.16% or 36.75 points and the Sensex closed at 77341.08, up by 0.17% or 131.18 points. Intraday, both the Nifty and Sensex fell 0.6%.
"The Index reversed from the lower end of the consolidation to form a green candle with the downside being protected at 23,400 while the higher side is also capped at 23,660," said Aditya Gaggar, director of Progressive Shares. "A precise close on either side will provide a clear picture."
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Shares of ICICI Bank Ltd., HDFC Bank Ltd., Mahindra & Mahindra Ltd., ITC Ltd., and Power Grid Corp. Of India contributed the most to the gains.
While those of Reliance Industries Ltd., IndusInd Bank Ltd., Axis Bank Ltd., Infosys Ltd., and Adani Ports & Special Economic Zone capped the upside.
Sectoral indices were mixed at close. Nifty Auto rose the most and Nifty Media was the top loser.
Market breadth was skewed in favour of buyers. Around 2,120 stocks rose, 1,872 stocks declined, and 164 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The S&P BSE Midcap and Smallcap ended 0.37% and 0.27% higher, respectively.
On BSE, 13 sectoral indices advanced and seven declined out of 20. The S&P BSE Metal was the worst performing sector, and the S&P BSE Auto rose the most to become the top performing sector.
Holding Companies Rise On Regulatory Tweak, Discount To Intrinsic Value
Century Textiles Unit Acquires Land Parcel In Pune
Unit Birla Estates acquires 16.5 acres land parcel in Pune having revenue potential of Rs 2,500 crore
Source: Exchange filing
Prosus Marks Down Byju's Investment Value
Prosus marks down Byju's investment value to zero at the end of FY24
Writes off fair value of 9.6% effective interest, loss of $493 million recognised
Marked down due to significant decrease in value for equity investors
Source - Prosus annual report
