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Stock Market Today: Sensex, Nifty Resume Rally After One-Day Blip As Fed Hints At A Pause

Stock Market Today: Sensex, Nifty Resume Rally After One-Day Blip As Fed Hints At A Pause
A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
3 years ago
The S&P BSE Sensex Index closed up 556 points or 0.91% at 649.25 while the NSE Nifty 50 Index was higher by 166 points or 0.92% at 18,255.80.

The broader market indices were trading higher and outperformed the larger peers; S&P BSE MidCap Index was up by 0.69%, whereas S&P BSE SmallCap Index was higher by 0.83%.

Seventeen out of the 20 sectors compiled by BSE advanced, while S&P BSE Fast Moving Consumer Goods, S&P BSE Utilities and S&P BSE Realty declined in trade.

The market breadth was skewed in the favour of the buyers. About 2,225 stocks rose 1,099 declined, and 145remained unchanged on the BSE.

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  • Adani Ports and Special Economic Zone Ltd., recorded 32.3 MMT of total cargo in April, implying 12.8% YoY growth.

  • The company also reported 13.6% YoY jump in domestic container cargo volumes.

  • Monthly volumes at Krishnapatnam Port and Tuna Port were at an all-time high as well.

  • Source: Exchange filing

The broader market indices opened higher and outperformed the larger peers; S&P BSE MidCap Index was up by 0.46%, whereas S&P BSE SmallCap Index was higher by 0.51%.

Six out of the 20 sectors compiled by BSE declined, while 14 sectors advanced in trade.

The market breadth was split between the buyers and the sellers. About 1,753 stocks rose 638 declined, and 75 remained unchanged on the BSE.

Source: BSE

  • The yield on the 10-year bond declined 2 bps to open at 6.98% on Thursday, the lowest open in over a year since April 8, 2022.

  • It declined most in seven months on Wednesday to close at 7%.

  • Source: Bloomberg

  • The local currency appreciated about 15 paise to open at 81.68 against the greenback on Thursday.

  • It closed at 81.83 on Wednesday.

  • Source: Bloomberg

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