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Business News/ Markets / Live Blog/  Sensex ends above 65k, Nifty tops 19,300; RIL, ITC, BPCL, Grasim shine

Sensex ends above 65k, Nifty tops 19,300; RIL, ITC, BPCL, Grasim shine

Stock Market Close: Indian share market ended at night news on Monday as Sensex climbed ALMOST 500 pts and Nifty gained 140 pts. Almost all sectors ended in the green with Auto, Metal and Bank climbing the most. BPCL, Grasim, Reliance, and M&M, HDFC twins shine, while Powergrid and Sun Pharma drag. 

Stock Market Today: Banking stocks in focus as HDFC twins merge (MINT_PRINT)Premium
Stock Market Today: Banking stocks in focus as HDFC twins merge (MINT_PRINT)

Share Market Today: The market continued to remain strong and touched new lifetime highs as Sensex and Nifty gained around 0.7% with most sectors ending higher in today's session.  

Indian markets continued to soar amidst HDFC twins merger, auto sales figures, along with positive global trends. This week investors are keeping an eye on US Fed meeting minutes, US employment data, political instability in Russia, and Chinese economic woes. 

SGX Nifty has been rechristened as Gift Nifty and traded for the first time on Monday at Gift City in Gujarat. After more than two decades, India has managed to bring home the offshore-traded Nifty from Singapore.

03 Jul 2023, 07:26:11 AM IST

Wall St rallies on Friday with Nasdaq hitting 40-year milestone, Apple scales $3 trillion

Wall Street's three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time.

Apple Inc breached the $3 trillion mark for the first time since January 2022, adding 2.3% to close at $193.97 after hitting a record of $194.48. It was lifted by growing appetites for growth stocks generally as well as bets the iPhone maker will succeed in new markets.

Investors perked up for the last day of the second quarter on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve.

A Commerce Department report showed the Personal Consumption Expenditures (PCE) index advanced 3.8% versus April's 4.3%. Excluding volatile food and energy, the core PCE index gained 0.3%, down from 0.4% in the previous month.

The Dow Jones Industrial Average rose 285.18 points, or 0.84%, to 34,407.6, the S&P 500 gained 53.94 points, or 1.23%, to 4,450.38 and the Nasdaq Composite added 196.59 points, or 1.45%, to 13,787.92. (Reuters)

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