Stock Market Today: Nifty, Sensex End At Three-Week Highs Led By Adani Enterprises, Adani Ports, HDFC Bank
Intraday, both Nifty and Sensex rose over 0.6% to hit 24,354.55 and 80,511.15 respectively, their highest levels since November 7.
KEY HIGHLIGHTS
Most US Futures Decline Ahead Of Key Economic Data
As of 3:27 p.m., the S&P 500 and Nasdaq 100 futures were trading 0.18% and 0.37% lower, respectively. The Dow Jones Industrial Average future was 0.08% down.
Events, Economic Data Later Wednesday
US: Prelim GDP QoQ
US: Unemployment Claims
US: Core Durable Goods Orders MoM
US: Durable Goods Orders MoM
US: Prelim GDP Price Index QoQ
US: Goods Trade Balance
US: Prelim Wholesale Inventories MoM
US: Chicago PMI
US: Core PCE Price Index MoM
US: Pending Home Sales MoM
US: Personal Income MoM
US: Personal Spending MoM
US: Crude Oil Inventories
US: Natural Gas Storage
Nifty, Sensex End At Three-Week Highs Led By Adani Enterprises, Adani Ports, HDFC Bank: Closing Bell
Benchmark equity indices continued to gain after a one-day drop on Tuesday and closed at their highest since November 6 led by gains in HDFC Bank and Adani Group shares, which emerged as top Nifty contributors.
Globally, market players assessed the impact of Trump's tariff policies and Israel-Lebanon ceasefire and they await key economic data from the US including prelim GDP and PCE Price index.
Intraday, both Nifty and Sensex rose over 0.6% to hit 24,354.55 and 80,511.15 respectively, their highest levels since November 7. Nifty ended 0.3% or 82.65 points up at 24277.15 and Sensex closed 0.3% or 238.75 points higher at 80242.81
"From the past 3 trading days, the Index is seen oscillating in a tight range of 24,140-24,350, a breakout on either side is necessary for a directional trend, " said Aditya Gaggar, director of Progressive Shares.
Share prices of HDFC Bank Ltd., Adani Enterprises Ltd., Adani Ports & SEZ Ltd., Trent Ltd., and NTPC Ltd. contributed the most to the gains in Nifty. While those of ICICI Bank Ltd., Tata Consultancy Services Ltd., State Bank Of India, Reliance Industries Ltd., and Titan Co. Ltd. capped the upside.
Most sectoral indices rose with Nifty Energy gaining the most
Market breadth was skewed in favour of buyers. Around 2,586 stocks advanced, 1,344 stocks declined, and 110 stocks remained unchanged on BSE.
The BSE Midcap ended 0.34% higher. The BSE Smallcap index outperformed benchmark indices and ended 1.18% higher.
On BSE, 18 sectors ended higher and three declined out of 21. The BSE Utilities rose the most, and the BSE Healthcare declined the most.
Rupee Weakens Against US Dollar
Rupee weakened by 11 paise to close at 84.45 against US Dollar.
It closed at 84.34 on Tuesday.
Source: Bloomberg
Markets At Close
Nifty and Sensex resumed their rally after one-day fall
Both Nifty and Sensex recorded highest closing since November 6
Intraday, both Nifty and Sensex rose over 0.6% to hit their highest levels since November 7
Nifty ended 0.3% or 82.65 points up at 24277.15
Sensex ended 0.3% or 238.75 points higher at 80242.81
Broader indices outperformed. Nifty Midcap 100 ended 0.6% up and Nifty Smallcap 250 closed 1% higher
Most sectoral indices rose with Nifty Energy gaining the most
Adani Enterprises and Adani Ports were top Nifty gainers
Apollo Hospitals and Titan Co. fell the most
