Stock Market Today: Sensex, Nifty Extend Gains For Second Day Running As HDFC Bank, L&T Lead
The Nifty 50 ended at 22,011.95 points, up 172.85 points or 0.79% points while the Sensex gained 590.60 points or 0.82% to end at 72,692.29 points.
KEY HIGHLIGHTS
FPIs Remain Net Sellers For Second Session
Overseas investors remained net sellers of Indian equities on Thursday.
Foreign portfolio investors offloaded stocks worth Rs 1,826.97 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors remained buyers and mopped up equities worth Rs 3,208.87 crore, the NSE data showed.
Foreign institutions have been net buyers of Rs 15220 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.
The NSE Nifty 50 ended 172.85 points, or 0.79%, higher at 22,011.95, while the S&P BSE Sensex was up 590.60 points, or 0.82%, at 72,692.29.
Sensex, Nifty Extend Gains For 2nd Day Running As HDFC Bank, L&T Lead: Closing Bell
Benchmark equity indices gained for the second day consecutively with financial services stocks contributing the most to the gains following U.S. Federal Reserve's decision to keep interest rates unchanged.
The Nifty 50 ended at 22,011.95 points, up 172.85 points or 0.79% points while the Sensex gained 590.60 points or 0.82% to end at 72,692.29 points.
"Domestic market is taking cues from the global market infusing optimism as the Federal Reserve signalled to remain on track for three interest rate cuts this year despite inflation staying above long-term target," said Vinod Nair, head of research at Geojit Financial Services.
"Short-term traders are taking advantage of the oversold territory from the recent sell-off," he added.
Shares of HDFC Bank Ltd., Larsen & Toubro Ltd., ITC Ltd., NTPC Ltd., and Reliance Industries Ltd. contributed the most to the gains.
Meanwhile, those of Bharti Airtel Ltd., ICICI Bank Ltd., HDFC Life Insurance Co Ltd., Maruti Suzuki Ltd., and Oil and Natural Gas Corp Ltd. capped the upside.
All sectoral indices ended higher with most of them outperforming the benchmarks. Nifty Realty and Nifty Metal rose the most.
Broader markets outperformed benchmark indices. The S&P BSE Midcap ended 2.36%, and the S&P BSE Smallcap index settled 2.01% higher.
On BSE, all 20 sectors ended higher with the S&P BSE Power emerging as the top performer. The S&P BSE TECK index was the worst performing sector.
Market breadth was skewed in favour of buyers. Aroun 2,759 stocks rose, 1,063 stocks declined, and 104 stocks remained unchanged on BSE.
Mid-, Small Cap Indices Outperform Benchmarks
TCS Signs Multi-Billion Dollar Pact With Denmark-Based Ramboll
Signs 7-year contract for IT infra solutions
Will also deliver services to manage Ramboll’s operations
Source: Exchange Filing
TVS Holdings Declares Interim Dividend Of Rs 94/Share
Board approves raising up to Rs 650 crore via bonds
Source: Exchange Filing
