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Sensex Settles 142 Points Higher, Nifty Above 25,050; Cipla Rises 3%, DRL 2%
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Indian equities started on a positive note on Thursday, following five consecutive sessions of gains
Stock Markets Today.
Equity benchmark indices extended gains for the sixth straight session on Thursday, supported by buying in heavyweights Reliance Industries and ICICI Bank.
The BSE Sensex climbed to an intraday high of 82,231 before paring gains to close 143 points, or 0.2%, higher at 82,001. With this, the index has advanced 1,765 points over the past six sessions. The NSE Nifty 50 touched 25,154 in early trade and settled at 25,084, up 33 points, or 0.1%.
Reliance Industries and ICICI Bank, each up nearly 1%, were the biggest contributors, adding 156 points to the Sensex. Bajaj Finance, Bajaj Finserv, and Larsen & Toubro were also among the top gainers. Meanwhile, ITC and Power Grid fell about 1.5% each, while NTPC, Adani Ports, and Hindustan Unilever also ended lower.
Broader markets underperformed, with the Nifty MidCap 50 slipping 0.5% and the SmallCap 50 down 0.4%. Volatility eased, as India VIX declined 3.5%.
In the capital markets space, shares of BSE and Angel One tumbled up to 7% after SEBI Chairman Tuhin Pandey said the regulator may recalibrate the tenor of F&O products. “We will consult stakeholders on ways to improve and carefully calibrate the tenor and maturity profile of derivative products so that they support both hedging and long-term investing,” Pandey said at a FICCI event.
Global Cues
Across Asia, markets opened mixed as investors tracked the S&P 500’s four-day losing streak. Japan’s Nikkei 225 slipped 0.3%, while South Korea’s KOSPI gained about 1%.
On Wall Street overnight, equities closed mixed as technology stocks extended their decline and retail earnings sent conflicting signals. The S&P 500 fell 0.24% and the Nasdaq Composite dropped 0.67%, while the Dow Jones Industrial Average ended flat with a slight positive bias.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
Read More