The 30-pack Sensex advanced 104 points to end the day at 59,793. Its broader peer, Nifty50, ended at 17,833, up 35 points. This was the first time since January 2022 that the NSE barometer closed the week above 17,800 level. For the week, Nifty added 1.68 per cent while Sensex 1.66 per cent.
Vinod Nair, Head of Research at
said, “Domestic bourses kicked off the trading session on a strong footing, backed by positive sentiments across global markets. However, it succumbed to profit booking after surpassing the psychological 60,000 mark.”
Global indices edged higher as investors reassessed the outlook for monetary policy following ultra-hawkish remarks from the Fed chair and 75 bps rate hikes by ECB, he said, adding that banking and consumer-facing stocks continued to be his top picks in the domestic market . was the biggest gainer from 30-share pack, climbing 3.32 per cent to Rs 1,126.55. was up 2.60 per cent, rose 2.43 per cent and surged 1.90 per cent. , , and were also among other top gainers.
On the other hand
fell 1.85 per cent to Rs 6,790. M&M declined 1.41 per cent, followed by L&T, down 1.26 per cent and declined 1.03 per cent.
Sectorally, Nifty IT index rose 2.21 per cent. Nifty Private Bank and Auto advanced 0.57 per cent and 0.52 per cent, respectively. Nifty Midcap50 and Smallcap50 surged 0.25 per cent and 0.12 per cent, respectively.
On BSE, losers outpaced gainers as 1,689 stocks advanced, 1,754 declined and 128 remained unchanged.
Earlier in the day, Asian markets ended higher, China’s Shanghai Composite, South Korea’s Kospi and Japan’s Nikkei surged 0.79 per cent, 0.33 per cent and 0.35 per cent, respectively.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)