Stock Market Today: Nifty, Sensex Extend Record Run Ahead Of Monthly Expiry
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90.
Source: NDTV Profit
KEY HIGHLIGHTS
Rupee Weakens Against US Dollar
-The local currency weakened 14 paise to close at 83.57 against the US dollar.
-It closed at 83.43 on Tuesday.
Source: Bloomberg
Nifty, Sensex Extend Record Run Ahead Of Monthly Expiry: Closing Bell
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Axis Bank Ltd., and UltraTech Cement Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Tata Steel Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprises Ltd. weighed on the index.
Most sectoral indices ended higher with Nifty Media and Nifty Energy leading the gains.
Market breadth was evenly split between buyers and sellers. Around 1,911 stocks advanced, 1,971 stocks declined, and 126 stocks remained unchanged on BSE.
Broader markets ended on a mixed note. The S&P BSE Midcap settled 0.29% lower, and Smallcap ended 0.15% higher.
On BSE, 11 sectors advanced, and nine declined. The S&P BSE Telecommunication rose the most, and the S&P BSE Metal declined the most.
ITD Cementation Gets Marine Contract Of Rs 1,082 Crore
Gets contract for construction work at Dahej LNG terminal
Source: Exchange filing
JK Cement Starts Grinding Capacity At Prayagraj Facility
Starts cement grinding capacity of 2 MTPA at its new cement facility in Prayagraj
Source: Exchange filing
Vodafone Idea Hits Over Five-Year High As Co Engages With Samsung
Vi has engaged with Samsung for 4G-5G Radio Network Deployment.
To expand Vi’s 4G footprint & introduce 5G, Vi has been in an active discussion with Samsung for the last 12-18 months on network trials in Chennai.
• Further to the encouraging trial response and at par performance with incumbent suppliers, Vi has extended Samsung deployments in Karnataka and Bihar circles.
• These setups have enabled Vi to fulfil its 5G Minimum Rollout Obligation (MRO) in these three circles (Chennai, Karnataka and Bihar) with NSA vRAN architecture.
Source: Exchange Filing
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