Stock Market Today: Nifty, Sensex End Higher As Pharma, Financials Surge; ICICI Bank, Axis Bank Add To Gains
The Nifty closed above 22,500 while the Sensex added 340 points to end at 74,169. Dr Reddy's Labs and Bajaj Finserv were the top gainers.
KEY HIGHLIGHTS
Rupee Vs US Dollar: INR Ends Higher
The rupee strengthened 20 paise to 86.80 against the US Dollar. The closing level is the highest since Feb 24.
Source: Bloomberg
Stock Market Today: Nifty, Sensex End Higher
Nifty up 0.5% for the day
Sensex up 0.46% for the day
Dr. Reddys, Bajaj Finance top gainers in Nifty
Nifty Midcap 150 gains 0.7% for the day.
Coromandel Industries, Hitacghi Energy, Muthoot Finance top gainer in Nifty Midcap 150.
Nifty Smallcap 250 gain 0.3% for the day led by Elgi Equiment, KEC International
Nifty Pharma emerged as top sectoral gainer for the day, led by Dr. Reddys Laboratories, Granules and Biocon.
Nifty Metal snaps two days losing streak.
Nifty Bank gains for the third day in a row.
Nifty IT snaps 5 days losing streak.
Nifty Oil and Gas fell for the second day in a row.
Nifty realty fell for the third day in a row.
Nifty Media fell for the fifth day in a row.
Stock Market Live Update: Tata Motors Hikes Commercial Vehicles' Price By 2%
Tata Motors will increase the prices of its commercial vehicles by 2% starting April 1. The price hike will be applicable across the company's commercial vehicle range.
Rupee Rises To Highest Level Since Feb 24
Intraday, the rupee strengthened 24 paise to 86.76 against US Dollar. It ended at 87.00 a dollar on Thursday, according to Bloomberg.
Gold Prices Likely To Soften In Near Term; Experts Advise To Book Profit
Experts see gold prices may soften in the near term with the US trying to negotiate a ceasefire deal between Ukraine and Russia. Hence, they suggested investors sell gold and book profit. Investors who are interested in investing in the precious metal are advised to wait.
Read the full article here.
