Equity benchmark indices scaled fresh lifetime high levels on Wednesday led by heavy buying in IT, auto and public sector bank stocks.
The BSE SandP Sensex closed 394 points or 0.8 per cent higher at 49,792 while the Nifty 50 advanced by 124 points or 0.85 per cent to 14,645.
Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty IT moving up by 2.2 per cent, auto by 2.4 per cent and PSU bank by 2.1 per cent.
Among stocks, Tata Motors accelerated by 6 per cent to Rs 274.40 per share.
Maruti Suzuki was up by 2.9 per cent and Mahindra and Mahindra by 2.2 per cent.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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The S-P BSE Sensex crossed historical milestone of 50,000 in Thursday's session as benchmark indices scaled fresh lifetime highs but closed 0.4 per cent lower as traders booked profit in the last hour..
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