Equity benchmark indices Sensex and Nifty settled higher connected Thursday (October 10, 2024) owed to gains successful banking, powerfulness and concern stocks amid a steadfast inclination successful planetary markets.
The 30-share Bombay Stock Exchange (BSE) Sensex roseate 144.31 points, oregon 0.18%, to settee astatine 81,611.41. During the day, it soared 535.74 points, oregon 0.65%, to deed an intra-day precocious of 82,002.84.
The National Stock Exchange (NSE) Nifty accrued 16.50 points, oregon 0.07%, to adjacent astatine 24,998.45.
In the intra-day trade, it roseate 152.1 points, oregon 0.60%, to deed a precocious of 25,134.05. The marketplace traded connected a range-bound inclination with a antagonistic bias up of the commencement of the Q2 result.
"The Asian marketplace started good but could not clasp connected to the gains arsenic European markets waved connected a antagonistic inclination successful anticipation of the cardinal U.S. ostentation data, planetary enslaved yields are rising," Vinod Nair, Head of Research astatine Geojit Financial Services, said.
From the 30 Sensex companies, Kotak Mahindra Bank, JSW Steel, HDFC Bank, Power Grid, IndusInd Bank, Maruti Suzuki India, NTPC, Axis Bank and Mahindra & Mahindra were among the gainers.
Tech Mahindra, Sun Pharmaceuticals, Infosys, Titan, Tata Motors, Larsen & Toubro and Tata Consultancy Services were among the laggards.
“Domestic broader marketplace momentum was mixed with caution arsenic the archetypal anticipation of Q2FY25 results is subdued owed to a subpar momentum successful the planetary and agrarian demand,” Mr. Nair added.
Also Read: Ratan Tata’s last rites
Shares of Tata Group companies connected Thursday (October 10, 2024) roseate up to 15%, with Tata Investment Corporation, Tata Chemicals, and Tata Teleservices among the large gainers.
Tata Sons Chairman Emeritus Ratan Tata, who played a cardinal relation successful transforming the radical into a planetary conglomerate, passed away precocious connected Wednesday (October 9, 2024). He was 86.
European markets were trading little successful the mid-session deals. Global lipid benchmark Brent Crude climbed 1.37% to $77.63 a tube successful futures trade.
In Asian markets, Tokyo, Hong Kong, Shanghai and Seoul were closed higher. U.S. markets ended with gains connected Wednesday (October 9, 2024).
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹4,562.71 crore connected Wednesday (October 9, 2024), portion Domestic Institutional Investors (DIIs) bought equities worthy ₹3,508.61 crore, according to speech data.
On Wednesday (October 9, 2024), the 30-share BSE Sensex fell 167.71 points to adjacent astatine 81,467.1 portion the NSE Nifty dropped 31.20 points to extremity astatine 24,981.95.
Published - October 10, 2024 04:48 p.m. IST