Stock Market Today: Sensex rallies 659 factors, Nifty ends close to 17,800-mark on optimistic world cues

Share Market News Today | Sensex, Nifty, Share Price Today: The frontline fairness indices bounced again after a two day dropping streak to finish round 1 per cent increased on Thursday monitoring the optimistic cues within the world market.

The S&P BSE Sensex jumped 659.31 factors (1.12 per cent) to finish at 59,688.22 whereas the Nifty 50 rallied 174.35 factors (0.99 per cent) to settle at 17,798.75. Both the indices had opened round 0.6 per cent increased earlier within the day and prolonged beneficial properties because the commerce progressed with the Sensex hitting an intraday excessive of 59,711.96 and the broader Nifty touching 17,807.65.

On the Sensex pack, beneficial properties have been led by Axis Bank, Tech Mahindra, ICICI Bank, Mahindra & Mahindra (M&M), State Bank of India (SBI) and ExtremelyTech Cement have been the highest gainers of the day. In distinction, Tata Steel, NTPC, Titan Company and Nestle India have been the highest losers.

Among sectoral indices on NSE, the Nifty PSU Bank index surged 2.51 per cent, the Bank Nifty rallied 1.91 per cent, Nifty Financial Services jumped 1.48 per cent and Nifty IT climbed 0.97 per cent. On the opposite hand, Nifty Metal fell 0.90 per cent and Nifty Media declined 0.45 per cent.

In the broader market, the S&P BSE MidCap index rose 75.57 factors (0.29 per cent) to finish at 25,895.23 whereas the S&P BSE SmallCap climbed 175.96 factors (0.60 per cent) to settle at 29,474.63. On NSE, the volatility index or India VIX declined 5.48 per cent to 18.31.

“The domestic financial market experienced a wave of optimism tracking strength across global markets as oil prices eased, cooling investor concerns about rising inflation. Despite premium valuations, consistent FII inflows are aiding Indian bourses to stay resilient. On the sectoral front, auto stocks were in focus as retail sales of automobiles grew 8.31% YoY in august while banking stocks moved in sync,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

Global Market (from AP)

Global inventory benchmarks principally rose Thursday as traders carefully watched a European central financial institution assembly and sought to juggle considerations about inflation and recession.

France’s CAC 40 rose 0.1 per cent to six,113.98 in early buying and selling, whereas Germany’s DAX slipped almost 0.1 per cent to 12,904.97. Britain’s FTSE 100 added 0.4 per cent to 7,269.52.

US shares have been set to float decrease with Dow futures down almost 0.1 per cent at 31,559.00. S&P 500 futures slipped 0.1 per cent to three,976.25.

Japan’s benchmark Nikkei 225 surged 2.3 per cent to complete at 28,065.28. Australia’s S&P/ASX 200 gained 1.8 per cent to six,848.70. South Korea’s Kospi rose 0.3 per cent to 2,384.28. Hong Kong’s Hang Seng dropped 1.0 per cent to 18,854.62, whereas the Shanghai Composite fell 0.3 per cent to three,235.59.