Stock Market Today: Sensex, Nifty Log Second Day Of Gains As Infosys, L&T Lead; Realty Stocks Gain
Sensex closed up 138 points, or 0.21%, at 65,593.42, while Nifty was 31 points, or 0.16%, higher at 19,465.
KEY HIGHLIGHTS
FPIs Turn Net Buyers
Overseas investors turned net buyers of Indian equities on Wednesday, snapping two days of selling.
Foreign portfolio investors mopped up Indian stocks worth Rs 722.76 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors also bought stocks worth Rs 2,406.2 crore, the NSE data showed. That's the highest level of net buying since July 31.
Foreign institutions have been net buyers of Rs 1,23,762 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.
Sensex, Nifty End Higher For The Second Day: Market Wrap
India's benchmark stock indices advanced for the second session this week after a lower open on Wednesday. Realty, Media and I.T. sectors led, whereas, metals were under pressure. The indices rebound just ahead of closing the session.
The S&P BSE Sensex closed up 138 points, or 0.21%, at 65,593.42, while the NSE Nifty 50 was 31 points, or 0.16%, higher at 19,465.
European stocks fluctuated after their slump on Tuesday as investors awaited further clues on the path of interest rates from the U.S. Federal Reserve.
Europe’s Stoxx 600 benchmark rose 0.2% after declining as much as 0.4% earlier. U.K. July core CPI rises 6.9% year-on-year as compared to an estimate of 6.8%, pooled by Bloomberg.
U.S. futures pointed to gains at the open. Stocks in Asia dropped as benchmark indexes fell across the region with some of the biggest declines in Hong Kong and Australia.
Infosys Ltd., Larsen & Toubro Ltd., UltraTech Cement Ltd., Mahindra & Mahindra Ltd., and NTPC Ltd. were positively adding to the change in the Nifty 50 India Index.
Whereas, HDFC Bank Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., Reliance Industries Ltd., and Axis Bank Ltd. were negatively contributing to the change.
The broader market indices ended higher; the S&P BSE MidCap Index was up 0.25%, whereas S&P BSE SmallCap Index was 0.52% higher.
Six the 19 sectors compiled by BSE declined, while 13 advanced. The S&P BSE Metal fell the most, whereas, S&P BSE Utilities advanced.
The market breadth was split between the buyers and the sellers. About 1,853 stocks rose, 1,780 declined, while 124 remained unchanged on the BSE.
Adani Power Has 8.1% Equity Change Hands In Five Large Trades
31.07 crore shares worth 8.1% equity traded in five large deals.
Buyers and sellers not known immediately.
Source: Bloomberg
Nazara Technologies Invests $500,000 In Israel-Based Snax Games
To invest $500,000 in Israeli game developer Snax Games.
Company to publish Snax games in the Indian subcontinent and the Middle-East on a revenue-sharing basis for five years.
Note: Investment done through company's wholly owned Singapore subsidiary, Nazara PTE
Source: Exchange filing
Lupin Gets U.S. FDA Nod For Metoprolol Succinate Tablets
Gets U.S. FDA nod for Abbreviated New Drug Application for Metoprolol Succinate extended-release tablets.
Alert: Drug is used to treat hypertension and high blood pressure.
Source: Exchange Filing
