sensex news today: ET Market Watch: Sensex & Nifty flat after all-time highs; Auto and energy stocks fall
1. Indian markets hit new record highs today, with Sensex crossing 76K intraday and Nifty crossing 23,100 for the first time. However, the closing market closed in the red and performed poorly for the most part.
2. The reason for the decline was losses in energy stocks and automobile stocks.
3. Sensex closed at 75,390 levels and Nifty closed at 22,932 levels.
4. Top decliners were Wipro, NTPC, Sun Pharma, M&M, ITC and RIL (all down up to 2.3%).
5. The top gainers were IndusInd Bank, Axis Bank, Bajaj Finance and HDFC Bank.
6. India VIX rose 6.8% today. The volatility index has surged nearly 90% in the past month.
7. Cochin Shipyard closed 3.1 per cent higher after reporting a multi-fold increase in consolidated net profit to Rs 258.88 crore for the March 2024 quarter due to higher income.
8. Shares of Divi’s Laboratories also surged more than 3% after the company reported a nearly 68% increase in net income for the March quarter.
9. Sector-wise: Nifty Media, Metals, Oil and Gas closed 0.5-1 per cent lower, while Nifty Banks, Financial Services, IT, Real Estate and Consumer Durables closed higher.
10. UK and US markets were closed on Monday. Global stock markets rose as investors anticipated upcoming inflation data. This could lead to interest rate cuts in Europe next week and policy easing in the US in the coming months. MSCI’s composite stock index rose 0.2%.
Gas prices have barely changed. The July Brent crude contract was trading at $82.33 per barrel, up 21 cents, while U.S. West Texas Intermediate (WTI) futures were trading at $77.95 per barrel, up 23 cents. The Indian rupee fell slightly on dollar demand and closed at 83.13 against the US dollar.
