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Sensex, Nifty Rally: Bank Stocks '' Lower Oil Drive Gains - Rediff MoneyWiz
Sensex, Nifty Rally: Bank Stocks '' Lower Oil Drive GainsRediff MoneyWiz
Sensex jumps 579 points; Nifty tops 24,150 on IT, auto rally
Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower.
Sensex gains 579 points, Nifty ends above 24,150: 5 reasons why stock market rose today
Indian indices rose, Sensex up 579 pts, Nifty above 24,150, led by IT stocks, oil companies. Bank of Baroda fell on NMC Health settlement.
Top Gainers & Losers on 2 July: Zensar Tech, TCS, Coforge, Apollo Tyres, Bharat Forge, Anant Raj among top gainers
Dalal Street saw gains for the second consecutive day, driven by technology stocks and easing crude oil prices. Nifty 50 rose 0.71% to 24,175, while the Sensex gained 0.75% to 77,502. The Nifty IT index surged 4.5%, marking its biggest gain since January.
Petronet LNG Ltd drops for fifth straight session
Petronet LNG Ltd is quoting at Rs 276.75, down 0.84% on the day as on 13:19 IST on the NSE. The stock tumbled 8.03% in last one year as compared to a 4.93% slide in NIFTY and a 9.07% spurt in the Nifty Energy index.
Indian Oil Corporation Ltd spurts 1.49%
Indian Oil Corporation Ltd is quoting at Rs 141.92, up 1.49% on the day as on 12:49 IST on the NSE. The stock is down 4.02% in last one year as compared to a 5.02% drop in NIFTY and a 9.03% drop in the Nifty Energy index.
Bharat Petroleum Corporation Ltd spurts 2.01%, up for third straight session
Bharat Petroleum Corporation Ltd is quoting at Rs 310.3, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 6.4% in last one year as compared to a 5.02% fall in NIFTY and a 9.03% fall in the Nifty Energy index.
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts.
Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top drags - Mint
Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top dragsMint
Oil & Natural Gas Corpn Ltd down for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The stock tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index.
Aegis Logistics Ltd soars 2.66%, up for third straight session
Aegis Logistics Ltd is quoting at Rs 1171, up 2.66% on the day as on 12:49 IST on the NSE. The stock is up 50.94% in last one year as compared to a 6.16% jump in NIFTY and a 8.08% jump in the Nifty Energy index.