Stock, Share Market News Today: Indices snap 4-day shedding streak; Sensex surges 345 factors, Nifty settles above 16,000-mark
Sensex, Nifty, Share Prices Today: The topline fairness indices on the BSE and National Stock Exchange (NSE) snapped from their four-session shedding streak and ended over 0.6 per cent greater on Friday.
The S&P BSE Sensex surged 344.63 factors (0.65 per cent) to finish at 53,760.78 whereas the Nifty 50 climbed 110.55 factors (0.69 per cent) to settle at 16,049.20. Both the indices had opened round 0.4 per cent greater earlier within the day and prolonged additional because the commerce progressed. The BSE benchmark touched an intraday excessive of 53,811.37 whereas the broader Nifty had hit 16,066.95.
Gains on the Sensex pack on Friday have been led by Hindustan Unilever (HUL), Titan Company, Maruti Suzuki India, Larsen & Toubro (L&T), Housing Development Finance Corporation (HDFC) and Mahindra & Mahindra (M&M). In distinction, Tata Steel, Power Grid Corporation of India, HCL Technologies, Wipro, Dr. Reddy’s Laboratories and Axis Bank ended within the crimson.
Among sectoral indices on NSE, Nifty Auto rose 2.03 per cent, Nifty FMCG climbed 1.47 per cent and Nifty Consumer Durables inched 1.45 per cent greater.
In the broader market, the S&P BSE MidCap ended at 22,854.62, up 191.31 factors (0.84 per cent) whereas the S&P BSE SmallCap settled at 25,779.56, up 133.88 factors (0.52 per cent). On NSE, the volatility index or India VIX fell 4.04 per cent to 17.60.
“Volatility has re-emerged and investors have turned their focus on upcoming Fed policy in the backdrop of heightened US inflation. Fall in crude prices and reduction in FII selling added optimism to the domestic market while gloomy IT results, depreciating rupee and fear of global recession are restricting sizeable up move. In addition to the Fed policy, the domestic market’s near-term momentum will be influenced by ongoing quarterly earnings,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Global Markets (from AP)
European shares opened greater Friday after a combined session in Asia following a report that China’s financial system contracted by 2.6 per cent within the final quarter resulting from virus shutdowns that saved companies closed and folks at dwelling.
Stocks in Hong Kong and Shanghai fell whereas most different benchmarks superior. US futures have been little modified and oil costs have been combined.
Germany’s DAX gained 1.5 per cent to 12,706.96 whereas the CAC 40 in Paris added 0.6 per cent to five,950.63. Britain’s FTSE 100 superior 0.9 per cent to 7,104.57. The futures for the S&P 500 and Dow industrials have been barely modified, gaining lower than 0.1 per cent. In Asia, Tokyo’s Nikkei 225 index added 0.5 per cent to 26,788.47. The Kospi in Seoul was up 0.4 per cent at 2,330.98 and shares additionally rose in India and Taiwan. The Shanghai Composite index misplaced 1.6 per cent to three,228.06. Australia’s S&P/ASX 200 dropped 0.7 per cent to six,605.60 and the Hang Seng in Hong Kong declined 2.2 per cent to twenty,297.72.
