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Business News/ Markets / Stock Markets/  Market Close Highlights: Indices off day's highs: Sensex gains 150 pts, Nifty ends at 23,322; mid, smallcaps shine
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Market Close Highlights: Indices off day's highs: Sensex gains 150 pts, Nifty ends at 23,322; mid, smallcaps shine

Market Close: Sensex and Nifty surged on Wednesday led by heavyweights HDFC bank, HCL Tech, Reliance, ICICI Bank but gave up a chunk of their gains to end mildly higher

Market Close: On Wednesday, the Indian stock indices closed with modest gains ahead of key data. (Pixabay)Premium
Market Close: On Wednesday, the Indian stock indices closed with modest gains ahead of key data. (Pixabay)

Market Closing Bell: Indian equity benchmark indices, Sensex and Nifty50, surged on Wednesday, led by heavyweights. However, at the fag end of the session, indices came off their day's high and closed with mild gains. Sensex ended at 76,606.57, up 149.98 points, while Nifty ended at 23,322.95, up 0.25%.

The Indian rupee ended flat at 83.54 per US dollar after likely RBI intervention averted a fall to an all-time low.

Globally, investors are cautiously awaiting US CPI data and the US Fed policy outcome, said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd. "US Fed commentary could provide direction to the market. So far, investors are baking in one rate cut towards the end of the year, so any deviation from that could drive the market on either side," Khemka added.

Asian markets traded on a mixed note. The US stock market also ended mixed on Tuesday, with the S&P 500 and Nasdaq hitting record closing highs for the second consecutive day ahead of consumer prices data and a policy announcement from the Federal Reserve. 

Back home, all eyes will be on the CPI inflation and factory output data to be released post-market hours today. India's retail inflation was likely steady at 4.8% in May, compared to 4.83% the previous month, as a sequential rise in food prices was offset by low core inflation, a median estimate of 15 economists polled by Mint showed.

12 Jun 2024, 03:33:11 PM IST

Market Close Highlights: Indices settle off day's highs: Sensex gains 149 pts, Nifty ends at 23,322; mid-, small-caps shine

Indian equity benchmark indices, Sensex and Nifty50, surged on Wednesday, to hit fresh highs led by heavyweights RIL, HCL Tech, and HDFC Bank. However, at the fag end of the session, indices came off their day's high and closed with mild gains. Sensex ended at 76,606.57, up 149.98 points, while Nifty ended at 23,322.95, up 0.25%.

Power Grid, Tech Mahindra and Bajaj Finance were the top gainers, while M&M and Hindustan Unilever were the biggest laggards on the Sensex.

Smallcaps and midcaps outperformed the benchmarks. PSU Banks, media and financial services were the best gainers. 

The Indian rupee ended flat at 83.54 per US dollar after likely RBI intervention averted a fall to an all-time low.

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12 Jun 2024, 03:21:53 PM IST

Sensex Today Live: Federal Bank likely submitted three names for CEO role, including former Kotak Bank deputy KVS Manian: CNBC-TV18

12 Jun 2024, 03:10:47 PM IST

Sensex Today Live: Markets off day's high; up 150 points; Nifty just above 23,300

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12 Jun 2024, 02:59:54 PM IST

Sensex Today Live: May retail inflation seen steady at 4.8%: Mint poll

India's retail inflation was likely steady at 4.8% in May, compared to 4.83% the previous month, as a sequential rise in food prices was offset by low core inflation, a median estimate of 15 economists polled by Mint showed. 

12 Jun 2024, 02:53:03 PM IST

Sensex Today Live: BSE PSU index jumps over 1% led by MMTC, Concor, Central Bank and Engineers India

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12 Jun 2024, 02:36:34 PM IST

Sensex Today Live: Praj Industry stock extends gains for 5th straight day, soars 6.5% to hit new record high

12 Jun 2024, 02:23:11 PM IST

Sensex Today Live: IEA sees 'major' oil supply surplus emerging by 2030: Report

The world is expected to have a "major surplus" of oil by 2030, according to an annual report by the International Energy Agency. This surplus will arise as production increases while the clean energy transition reduces demand. Global demand is projected to "level off" at 106 million barrels per day (bpd) towards the end of this decade, while total supply capacity could reach 114 million bpd.  (AFP)

12 Jun 2024, 02:11:16 PM IST

Sensex Today Live: Asian shares mixed ahead of the Federal Reserve's interest rate decision

Shares were mixed in Asia on Wednesday ahead of the Federal Reserve's interest rate decision. Tokyo's Nikkei 225 index lost 0.7%, while Hong Kong's Hang Seng index dropped 1.3%. The Shanghai Composite index rebounded, gaining 0.3%. Australia's S&P/ASX 200 shed 0.5%, while Kospi rose 0.8%, and Taiwan gained 1.2%.

12 Jun 2024, 01:55:08 PM IST

Sensex Today Live: BSE Midcap surges 1% led by Max Healthcare, Concor, Trent and Cummins India

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12 Jun 2024, 01:44:05 PM IST

Sensex Today Live: First session of 18th Lok Sabha to start from 24 June and conclude on 3 July

The newly formed NDA government may face strong opposition on issues such as the violence in Manipur, unemployment, and inflation, among others, during the special session.

12 Jun 2024, 01:33:28 PM IST

Sensex Today Live: Go First bankruptcy: NCLT grants final 60-day extension on moratorium

The National Company Law Tribunal on Wednesday granted a final 60-day extension to bankrupt Go First airline to complete its corporate insolvency resolution process.

This extension, which lasts until 3 August, comes amid challenges and legal implications stemming from a Delhi high court ruling that deregistered all leased aircraft held by the airline.T

12 Jun 2024, 01:20:08 PM IST

Sensex Today Live: Mahanagar Gas had a bumper FY24. This year, it may be a bit squeezed

Every year cannot be a bumper one. That, in short, summarises Mahanagar Gas Ltd’s near-term outlook. After a solid year of profitability, the city gas distribution company’s margin is expected to taper this financial year.

12 Jun 2024, 01:07:47 PM IST

Sensex Today Live:  Ashok Leyland share price hits fresh high as Sensex climbs to a new peak

12 Jun 2024, 12:54:09 PM IST

Sensex Today Live: India's April-May steel imports hit five-year high on robust domestic demand: Reuters

India imported 1.1 million metric tonne of finished steel between April and May, up 19.8% from a year earlier, according to provisional government data seen by Reuters.

12 Jun 2024, 12:41:35 PM IST

Sensex Today Live: Alpex Solar share price soars over 500% in four months

Since their debut in February, Alpex Solar shares have returned more than 500% to investors.

12 Jun 2024, 12:29:08 PM IST

Sensex Today Live: The best-performing value stocks through 2030

Equitymaster presents a watchlist of five stocks for 2030 that have strong fundamentals, offer good value, and can potentially outperform the market if bought at the right prices.

12 Jun 2024, 12:17:27 PM IST

Sensex Today Live: Tata Motors share gains as brokerages maintain bullish stance; stock up 7% in one week

12 Jun 2024, 12:03:25 PM IST

Sensex Today Live: Markets at noon: Nifty at record high as IT, metal and PSU banks stocks shine 

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12 Jun 2024, 11:53:33 AM IST

Sensex Today Live: HCL Technologies shares gain over 1% as it signs new pact  Deutsche Apotheker- und Ärztebank eG

HCL Technologies has broadened its collaboration with Deutsche Apotheker- und Ärztebank eG (apoBank), Germany's largest cooperative primary bank. The new agreement is valued at approximately $278 million and spans a period of 7.5 years.

12 Jun 2024, 11:41:10 AM IST

Sensex Today Live: TDP chief N Chandrababu Naidu sworn in as chief minister of Andhra Pradesh for fourth term

12 Jun 2024, 11:36:41 AM IST

Sensex Today Live: Reliance Power shares up 9%; deliver around 33% return to positional investors in five sessions

In the last five sessions, Reliance Power share price on the NSE has risen from 23.50 to 31.30 apiece, delivering around 33% return to its positional investors.

12 Jun 2024, 11:23:17 AM IST

Sensex Today Live: Nifty hits record high, gains 0.7%; broad market indices surge led by Nifty Midcap

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12 Jun 2024, 11:11:57 AM IST

Sensex Today Live: Markets at 11: Sensex near record high; up 450 points led by HDFC Bank, Reliance, ICICI Bank 

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12 Jun 2024, 10:56:12 AM IST

Sensex Today Live: Nifty Bank jumps 1%; Bank of Baroda, HDFC Bank, PNB, ICICI Bank, SBI top gainers, rising 1-2%

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12 Jun 2024, 10:44:10 AM IST

Sensex Today Live: Heritage Foods shares slips 5% on profit booking, down for third day in a row

Shares of Heritage Foods fell another 5% in today's trade to 627.30 apiece, extending their downward trend for the third consecutive session as investors engaged in profit booking.

12 Jun 2024, 10:32:40 AM IST

Sensex Today Live: Sensex soars 500 points led by heavyweights HDFC Bank, ICICI Bank, Reliance

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12 Jun 2024, 10:21:33 AM IST

Sensex Today Live: Nifty hits fresh new high at 23,420 led by heavyweights and IT pack  

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12 Jun 2024, 10:11:09 AM IST

Sensex Today Live: Yes Bank, IDFC First Bank seek to revive corporate lending

Two former large corporate lenders, Yes Bank and IDFC First Bank, are making a comeback to their old business after a gap of almost four years. While both banks target strong corporate loan growth in the coming quarters, they also claim that this is not a shift in strategy. 

12 Jun 2024, 10:00:55 AM IST

Sensex Today Live: BL Kashyap and Sons gains 3% as the company secured two significant orders from DLF City and Sattva Homes

BL Kashyap and Sons Ltd has secured two significant orders from DLF City and Sattva Homes, totalling approximately 1,021 crores. This brings the company's order book, excluding GST, to 3,545 crore.

12 Jun 2024, 09:48:28 AM IST

Sensex Today Live: TVS Supply Chain jumps 7% as the company has entered into pact with Daimler Truck South East Asia

TVS Supply Chain Solutions has entered into a new five-year strategic contract with Daimler Truck South East Asia Pte. Ltd. for Integrated Supply Chain Solutions (ISCS) services in Singapore. Under the deal, TVS SCS will create a robust logistics solution for distributing spare parts and related items, streamline supply chain operations, manage 8,000 SKUs and 65,000 order lines annually, and ensure smooth transportation across multiple modes.

12 Jun 2024, 09:40:28 AM IST

Sensex Today Live: Indian Rupee gains 5 paise to 83.54 against the US dollar in early trade

12 Jun 2024, 09:32:25 AM IST

Sensex Today Live: Nifty at 23,343.50, up 0.34% with broad market indices largely positive; midcap at record high

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12 Jun 2024, 09:17:55 AM IST

Sensex Today Live: Opening Bell | Sensex, Nifty open higher; IT stocks zoom

Sensex was at 76,638.58, up 0.24% led by gains in HCL Tech, TCS, Infy. Asian Paints, Titam and L&T were the biggest laggards

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12 Jun 2024, 09:04:22 AM IST

Sensex Today Live: Indices positive in pre-opening session; HCL Tech, Power Grid gain

Sensex was up 220 points at 76,677, and the Nifty was up 113 points  at 23,377.80.

12 Jun 2024, 08:56:25 AM IST

Sensex Today Live: Oil prices tick higher on Wednesday on upbeat global demand

Oil prices rose on Wednesday on upbeat global demand views from the US  Energy Information Administration and Opec.

Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel, while U.S. West Texas Intermediate crude futures gained 18 cents, or 0.2%, to settle at $78.10.

12 Jun 2024, 08:43:15 AM IST

Sensex Today Live: Union Bank, HCL Tech, IndiGo, SBI, Wipro, Tube Investments are some stocks in news today

Besides Union Bank, HCL Tech, IndiGo, SBI, Wipro, and Tube Investments, Balrampur Chini Mills, GMR Airports Infrastructure, Hindustan Copper, India Cements, SAIL, and ZEE are the six stocks on the NSE's F&O ban list for Wednesday

12 Jun 2024, 08:31:45 AM IST

Sensex Today Live: India to see 6.7% growth between 2024 and 2026: World Bank

The Indian economy, buoyed by strong domestic demand, a surge in investment and robust services activity, is projected to grow an average of 6.7% per fiscal year from 2024 through 2026, making South Asia the world’s fastest-growing region, the World Bank said on Tuesday.

In its latest Global Economic Prospects report, the World Bank said India will remain the fastest-growing large economy. According to the forecast, India is set to report 6.6%, 6.7% and 6.8% growth, respectively, in FY24, FY25 and FY26.

By comparison, global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025 and 2026, respectively.

12 Jun 2024, 08:21:09 AM IST

Sensex Today Live: Federal Reserve expected to maintain interest rates as inflation data looms

The US Federal Reserve policy meeting began on 11 June, with widespread expectations that the central bank will keep interest rates unchanged. The Jerome Powell-led Federal Open Market Committee (FOMC) is anticipated to maintain its guidance of keeping rates elevated, adhering to the status quo in the current policy meeting. 

On Wednesday, the US will release its latest update on inflation at the consumer level, and the Federal Reserve will announce its latest interest rate decision. Additionally, the US will release its latest update on prices at the wholesale level on Thursday.

12 Jun 2024, 08:09:31 AM IST

Sensex Today Live: Wall Street ends mixed; S&P 500 and Nasdaq hit record highs

Wall Street saw a mixed close on Tuesday, with the S&P 500 and Nasdaq Composite reaching new record highs for the second day in a row. The subdued trading session occurred ahead of a crucial inflation report and the Federal Reserve's latest interest rate policy decision, expected on Wednesday.

The S&P 500 gained 0.3%. The tech-heavy Nasdaq Composite rose 0.9%.

12 Jun 2024, 08:06:06 AM IST

Sensex Today Live: Asian markets mixed as traders await Federal Reserve's policy decision and US inflation data

Asian markets were mixed as traders anticipated the Federal Reserve's policy decision and upcoming US inflation data. The euro struggled to recover from a sell-off driven by European political uncertainty.

Markets in Hong Kong, Shanghai, and Sydney all declined, while Tokyo, Seoul, Bangkok, and Mumbai managed to edge up.

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