Stock market today: Sensex, Nifty break five-session losing streak
October 07, 2024 10:06 ISTThe benchmark indices broke their five-day losing streak after the stronger-than-expected US job report that created optimism in the markets.
The benchmark indices broke their five-day losing streak after the stronger-than-expected US job report that created optimism in the markets.
The Sensex and Nifty fell during the early trade amid a fall in the Asian markets. The fall comes after both the benchmark indices touched a record high in the past week.
Earlier on Friday, BSE Sensex soared 1,359.51 points, or 1.63 per cent, to an all-time high of 84,544.31. Similarly, Nifty also surged 375.15 points, or 1.48 per cent, to close at a record 25,790.95 on Friday.
Market experts attributed the rally to positive global cues, strong corporate earnings, and consistent foreign inflows. The rally was led by gains in banking, IT, and energy stocks, reflecting robust investor sentiment.
BSE's Sensex has gained for the fourth straight session on Friday, while Nifty rose for the seventh straight session. In Asian markets, only HongKong opened green while Seoul and Tokyo traded lower.
After following global sentiments last week, the Indian stock market incidence gained in the opening session. Meanwhile, Asian markets showed mixed responses.
Indian shares began the day muted on Wednesday, but the losses were recouped in the second half and the day ended with slight gains.
At the interbank foreign exchange market, the rupee opened at 79.81 against the greenback, then fell to 79.82, registering a decline of 8 paise over its last close.
From the Sensex pack, IndusInd Bank, Bharti Airtel, HCL Technologies, Axis Bank, Tech Mahindra, Kotak Mahindra Bank, HDFC, Infosys, HDFC Bank, and Reliance Industries were major laggards in early trade.
At the interbank foreign exchange market, the rupee opened at 79.93 against the greenback, registering a decline of 11 paise over its last close.
Power Grid, NTPC, Bharti Airtel, Reliance Industries, Titan, Maruti, HDFC Bank, Hindustan Unilever and Bajaj Finance were among the major gainers in initial trade.
At the interbank foreign exchange market, the rupee opened at 79.80 against the greenback, then fell further to 79.90, registering a decline of 12 paise over its last close.
NTPC, ITC, Bajaj Finance, Kotak Mahindra Bank, Larsen & Toubro, Titan, Mahindra & Mahindra, and Asian Paints were among the gainers in early trade.
Mumbai: Sensex pack Bajaj Finserv, Maruti, Tata Steel, NTPC, State Bank of India, and Axis Bank were among the major winners. Bharti Airtel and Dr. Reddy's were the only laggards.
As per certain media reports, the company has managed to raise funds for repayment of interest to its bondholders amounting to nearly Rs 6,000 crore.
Equity benchmark Sensex jumped over 150 points on Monday tracking gains in index heavyweights ICICI Bank, ITC and SBI amid sustained foreign fund inflow and mixed cues from global markets.
Equity benchmark Sensex rallied over 500 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and L&T amid a positive trend in global markets.
Equity benchmark Sensex tumbled over 300 points in early trade on Monday, tracking losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a weak trend in global markets.
Equity benchmark Sensex rallied over 300 points to scale a new record peak in early trade on Tuesday driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid positive trends in global markets.
Equity benchmark Sensex rallied over 500 points to scale its fresh lifetime high in opening trade on Monday tracking gains in index-heavyweights HDFC twins, ICICI Bank, and Kotak Bank amid positive trends in global markets.
Top News
Latest News
