Sensex gains today: ET Markets Watch: Nifty crosses 23,560, Sensex gains 141 points. Rupee closes at record low
Sensex and Nifty
Nifty and Sensex closed in the green today in a very volatile market. The market was led by private banks and metal stocks, but gains were capped by a fall in pharmaceutical stocks.
Sensex closed at 77,478 and Nifty closed at 23,567.
Today’s winners and losers:
In the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries and Kotak Mahindra Bank were the top gainers, rising over 1 per cent each. Sun Pharma, M&M, NTPC, SBI and Wipro were the biggest losers.
Performance by segment:
The Nifty Pharma index fell 0.5 per cent due to the impact of giant Sun Pharma. Sun Pharma closed 2.2% lower after its Dadra facility received a warning letter from the US drug regulator. Sun Pharma was the top loser on Sensex.
The private bank index rose 1.16 per cent after Macquarie said it preferred the index given its stable asset quality outlook and attractive valuations.
The Nifty Metal index rose 1.8% as top consumer China reiterated that it would stick to its monetary support stance.
Nifty Realty index also closed 2% higher led by Prestige, Lodha and Oberoi Realty.
global market
Global stock prices hit record highs on Thursday, largely due to investor confidence in the prospect of lower U.S. interest rates this year.
The MSCI World Index remained stable at 805.19. U.S. markets were closed for a public holiday.
crude oil and rupee
Brent crude futures were steady on Thursday, remaining slightly below a seven-week high as markets awaited U.S. inventory data.
August Brent crude futures were at $85.39 per barrel. US July WTI futures were at $81.32.
The Indian rupee fell to a record low and closed at 83.6525.
