Stock Market Today: Nifty, Sensex End At New Record Close As RIL, ITC Lead Rally
The Nifty closed at 22,753.80 points, 111.05 points or 0.49% higher and the Sensex closed at 75,038.15 points, up 354.45 points or 0.47%.
KEY HIGHLIGHTS
Rupee Strengthens Against U.S. Dollar
-The local currency strengthened by 13 paise to close at 83.19 against the U.S dollar.
-It closed at 83.32 on Monday.
Source: Bloomberg
Nifty, Sensex End At New Record Close As RIL, ITC Lead Rally: Closing Bell
Benchmark equity indices marked their highest closing today as they extended gains in the last hour of trade. Market participants now await U.S. CPI data and Fed minutes for further direction.
The Nifty also hit an intraday high of 22,775.70 points and the Sensex claimed the psychologically crucial 75,000 mark.
The Nifty closed at 22,753.80 points, 111.05 points or 0.49% higher and the Sensex closed at 75,038.15 points, up 354.45 points or 0.47%.
"The Nifty mostly remained sideways today as investors preferred to wait ahead of the US CPI inflation data, which could potentially impact rate cuts by the Fed. The resistance zone is placed at 22,700-22,750, while support is at 22,600," Rupak De, Senior Technical Analyst at LKP Securities.
"A decisive move above 22,750 might induce a rally towards 23,000 in the short term. Since the market appears to be range-bound, buying on dips and selling on rallies might prove to be a good strategy with proper stop-loss measures."
Shares of Reliance Industries Ltd., ITC Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., and State Bank Of India contributed the most to the gains.
Meanwhile, those of Mahindra & Mahindra Ltd., HDFC Life Insurance Co. Ltd., Maruti Suzuki Ltd., Larsen & Toubro Ltd., and HDFC Bank Ltd. capped the upside.
Sectoral indices were mostly higher at close except Nifty Pharma and Nifty Auto which ended lower. Nifty Media ended nearly 2% higher.
Broader markets ended higher in line with benchmark indices. The S&P BSE Midcap settled 0.89% higher, and the S&P BSE Smallcap index ended 0.46% up.
On BSE, all 18 sectors advanced, and two declined out of 20. The S&P BSE Oil & Gas sector rose the most among sectoral indices, and the S&P BSE Utilities declined the most.
Market breadth was evenly split between buyers and sellers. Around 1,960 stocks rose, 1,868 stocks declined, and 105 remained unchanged on BSE.
Nifty Hits Lifetime High
Reliance Infrastructure On Supreme Court Order
Supreme Court order in favour of Delhi Metro does not impose any liability on the company
Company has not received any money from DMRC or DAMEPL under the arbitral award
Source: Exchange Filing
LTIMindtree Introduces Composable Storefront Solution
The new solution is built on Salesforce Commerce Cloud to quick-launch digital commerce experiences
Source: Exchange Filing
