sensex news toady: ET Market Watch: Sensex & Nifty rises after 5 consecutive days of decline: Key highlights
India Benchmark Indices:
BSE Sensex: rose 76 points or 0.10 per cent to 73,961.
NSE Nifty: rose 42 points or 0.19% to 22,531.
Market movements:
The initial gains faded and the pair closed slightly higher.
Caution is needed ahead of the general election results next week.
Election Details:
The election ends June 1.
Vote counting on June 4th.
Investors waiting for the exit polls to predict the outlook after the vote.
Economic data:
Fourth quarter domestic GDP data will be released later today.
Growth is expected to slow compared to the previous quarter.
Top gainers in Sensex:
Bajaj Finance, Tata Steel, HDFC Bank, Power Grid, IndusInd Bank.
Key laggards in Sensex:
Nestlé India, TCS, Maruti, Infosys, Axis Bank.
Individual stock highlights:
Muthoot Finance: Closed 2.4% higher after strong performance in FY24.
Performance by sector:
Nifty Realty: closed 2.3% higher led by Lodha, Brigade and Prestige.
Red Sectors: Nifty IT, Media, FMCG, Pharma, Healthcare.
Broader market performance:
Nifty Midcap100 and Smallcap100: Both rose 0.5% each.
crude oil:
Brent Futures:
It rose 14 cents, or 0.17%, to $82 per barrel.
US West Texas Intermediate (WTI) crude oil:
It fell 4 cents, or 0.05%, to $77.87 a barrel.
Investor Focus:
We are awaiting US inflation data to inform our demand outlook.
Keep an eye out for Sunday’s OPEC+ meeting to decide next year’s supply.
Currency Monitoring:
It declined on Friday due to month-end dollar demand from importers.
Investors are awaiting the results of the country’s general election for new signals.
It closed at 83.4625 per U.S. dollar, down from 83.3175 in the previous session.
