Today’s stock market: following a wild session, Sensex and Nifty close higher.
stock Market Today: After a very turbulent session on Friday, benchmark indices ended the day higher. While Nifty closed 66.40 points higher at 21,848.90, the Sensex concluded 167.06 points higher at 71,595.49.
Updates on the Stock Market Today: After a very erratic session on Friday, benchmark indices ended the day higher. While Nifty closed 66.40 points higher at 21,848.90, the Sensex concluded 167.06 points higher at 71,595.49.
Indian benchmark indexes opened mixed on the day the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the sixth consecutive day. The NSE Nifty began at 21727.00, up 9.00 points, or 0.04 percent, while the BSE Sensex opened at 71,410.30, up 18.14 points, or 0.03 percent. 0.06% of Nifty Bank’s trades were in the red.
Large corporations including Reliance Industries Ltd., Tata Consultancy Services (TCS), and ICICI Bank experienced purchases in the early hours of Friday’s trade. But as trade hours went on, the index gains increased. While Nifty increased by 0.10 percent to 21,735.80, the Sensex barely moved by 0.11 percent to 71,477.88.
After RBI Governor Shaktikanta Das announced the Monetary Policy Committee’s 5-1 decision to maintain the current short-term lending rates, the markets scarcely moved on Thursday. According to market data, stocks valued at Rs 4,933.78 crore were offloaded by Foreign Institutional Investors (FIIs).
The Indian rupee began trading at 82.96 against the US dollar. The dollar index, which rates the US dollar against six other currencies, moved slightly higher at Rs 104.06, up 0.03 points or 0.03 percent.
Weekly gains in international petroleum prices are expected as efforts to mediate peace in oil-rich West Asia are failing. While US WTI Futures traded 0.03, or 0.04 percent, lower at $76.19 a barrel, Brent crude oil price fell 0.07 points, or 0.09 percent, at $81.56 a barrel.
Due to the Lunar New Year, the majority of markets in Asia-Pacific were closed, either entirely or partially. Following the governor of the Bank of Japan’s announcement that easy monetary policy will continue, the Nikkei reached 34-year highs and crossed the 37,000 barrier. The Kospi of South Korea increased by 0.41 percent to 2,620.32.
US indices saw bullish trading as the S&P crossed the 5000 threshold. The index crossed the 4,000 mark on April 1, 2021, although it took three years to attain this milestone. The S&P closed at 4,997.91, up 0.06 percent, while the Dow Jones Industrial Average (DJIA) edged up 0.13 percent to settle at 38,726. The tech-heavy NASDAQ opened at 15,793.72, up 0.24 percent.
by,HHM