Stock market reports solid gains, extends winning run on last day of FY24
Sensex was up 655.04 points or 0.90% at 73,651.35, and the Nifty was up 203.20 points or 0.92% at 22,326.90.
Sensex was up 655.04 points or 0.90% at 73,651.35, and the Nifty was up 203.20 points or 0.92% at 22,326.90.
Sensex ended higher by 526.01 points or 0.73% at 72,996.31 level while the Nifty 50 closed at 22,123.65 level, up 118.95 points or 0.54%.
Sensex opened the day at 72,396.97 against the previous close of 72,831.94 and traded in the negative territory throughout the session. The Nifty 50 opened at 21,947.90 against the previous close of 22,096.75
The rupee depreciated 35 paise to settle at an all-time low of 83.48 against the US Dollar. Forex traders said foreign fund outflows also weighed on the local unit.
Stock market wipes off early gains, witnesses broad-based sharp fall
Market cautious ahead of inflation data.
Nifty ends at 22,200, Sensex rises 305 points
There are indications of exhaustion in the market rally, particularly in the broader market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
As the market unfolded, the benchmark Sensex experienced a dip of 120.45 points, commencing at 65,555.48.
Seven stocks, making up close to $ 11tn in market capitalisation today, contributed 73 per cent of returns of the S&P 500 in the first half of 2023, a crescendo to FANG, FAANMG and tech leadership, BofA Global Research said in a report.