Indian equity indices finally bounced back after a 3-day losing streak and closed higher. The indices were led by Reliance, ICICI Bank and IT stocks mainly. Sensex rose 298 points and closed above 61,700-mark while Nifty 50 index gained 73 points and ended above 18,200-mark.
Today’s gainers and losers
Tata Motors, Tech Mahindra, and Infosys were the top performers, rising 2-3%. HCL Tech, Axis Bank, M&M, ICICI Bank, and UltraTech Cement were also closed higher. On the flip side, NTPC, Asian Paints, Titan, Power Grid, and Tata Steel ended in the red.
Stocks in news today
Shares of most Adani Group companies rose today after the Supreme Court released the investigation report submitted by the panel on the Hindenburg case. Adani Enterprises ended over 3% higher, and Adani Ports closed nearly 4% higher … Adani Green Energy, Adani Power, Adani Total Gas, and Adani Transmission closed with a 5% upper circuit. Adani Wilmar also closed nearly 7% higher.
Sector-wise, Nifty IT, Nifty Auto, Nifty Financial Services and Nifty Bank closed higher. In the broader market, Nifty Midcap100 fell 0.06%, while Smallcap100 ended flat with a negative bias.
Global Markets
Asian shares ended mostly on the higher end today on hopes of a US Debt Ceiling deal. Japan’s benchmark Nikkei 225 rose 0.8%, Australia’s S&P/ASX 200 gained 0.6% while South Korea’s Kospi rose 0.9%
Crude prices and Rupee
Oil prices rebounded today as investors turned optimistic over the fading risk of a US debt default. Brent futures rose 0.9% while US WTI CRUDE rose 0.8%.
coming to rupee – rupee closed down due to a strong dollar on the back of a hawkish US Fed reserve. The rupee ended 82.66 to the US dollar. That is all for now. Stay tuned to ET Markets for more.
