Markets bounce back after 2 days of fall amid rally in global equities; Sensex, Nifty climb
Business | May 18, 2023 12:46 ISTStock market: The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade.
Stock market: The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade.
In Asia, Seoul, and Tokyo markets were trading in the green, while Shanghai and Hong Kong quoted lower. The US market ended lower on Tuesday.
Among the Sensex firms, HDFC, HDFC Bank, Maruti, IndusInd Bank, Larsen & Toubro, Mahindra & Mahindra, Bharti Airtel and ITC were the biggest laggards. Bajaj Finance, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were among the major gainers.
The 30-share BSE Sensex declined 19.93 points to 61,920.27 points in early trade after hitting the crucial 62,000 mark in opening deals. The NSE Nifty fell 15.05 points to 18,300.05 points.
Among the Sensex firms, Bajaj Finserv, Tata Motors, Tata Steel, Titan, UltraTech Cement, Larsen & Toubro, Bajaj Finance, Axis Bank and HDFC were the major gainers. State Bank of India, HCL Technologies, ITC and Reliance Industries were the major laggards.
The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
Stock Market Updates: The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners.
The US government will report April employment numbers that are expected to show a slowdown in job growth.
During intra-day, it hit a high of 60,101.64 and a low of 59,620.11. As many as 23 stocks in the index ended in the green and seven in the red. The broader NSE Nifty gained 119.35 points or 0.68 per cent to close at 17,743.40.
Stock Market: In a volatile trade, the 30-share BSE Sensex edged up 22.71 points or 0.04 per cent to settle at 59,655.06.
The demand of forging and machined components is going to rise further in view of large-scale expansion plans of existing companies and the new projects coming up in defence and infrastructure companies.
This intimation is in addition to similar information that needs to be shared by them under Rule 16 (4) of AIS or All India Services (Conduct) Rules, 1968.
Crypto Market sees a downturn with Bitcoin sliding below $22,000 and other top Altcoins experiencing Heavy Losses. Top Altcoins, including Ethereum, Dogecoin, Solana, Ripple, and Litecoin, suffer significant declines.
Infosys has reported Q3 results and the company has exceeded expectations, with a net profit rise of over 13%. The stock market responded positively to the announcement of Infosys' Q3 results, with the company's stock price rising by over 3% in early trading.
Business News: In the 30-share Sensex pack, Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the major laggards.
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The 30-share BSE Sensex suddenly came under selling pressure towards the fag-end, tumbling 310.71 points or 0.53 percent to settle at 58,774.72. Similarly, the broader NSE Nifty dropped 82.50 points or 0.47 percent to 17,522.45.
Both the benchmark indices were trading lower, with the Sensex falling 146.56 points to 58,884.74 and the Nifty declining by 43.95 points to 17,533.55.
The 30-share BSE Sensex climbed 257.43 points or 0.44 percent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48. The broader NSE Nifty advanced 86.80 points or 0.50 percent to 17,577.50.
An old video of the Indian stock market's big bull Rakesh Jhunjhunwala dancing with his wife Rekha Jhunjunwala and friends to Bollywood songs is going viral on social media platforms. Watch it here.
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