scorecardresearch
Follow Us:
Monday, July 04, 2022

Sensex and Nifty edge higher on gains in auto, energy stocks

In a largely range-bound session, the 30-share index ended 85.88 points or 0.14 per cent higher at 61,308.91. Similarly, the NSE Nifty advanced 52.35 points or 0.29 per cent to 18,308.10.

By: PTI | Mumbai |
Updated: January 17, 2022 4:12:03 pm
stock markets, Sensex, equity schemes, Passive funds, India news, Indian express, Indian express news, current affairsThe rupee, meanwhile, fell to a record low for a second time this week, hitting 77.63 against the dollar in intra-day trade. The currency, however, made a partial recovery to settle at 77.50. (Express archive photo)

Benchmark BSE Sensex rose by 85 points on Monday following gains in auto, IT, energy and FMCG stocks amid a firm trend in European markets.

In a largely range-bound session, the 30-share index ended 85.88 points or 0.14 per cent higher at 61,308.91. Similarly, the NSE Nifty advanced 52.35 points or 0.29 per cent to 18,308.10.

Ultratech Cement was the top gainer in the Sensex pack, surging nearly 3 per cent, followed by M&M, Maruti, Tata Steel, TCS, L&T, SBI and HUL.

On the other hand, HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid, and Sun Pharma were among the laggards, falling up to 5.89 per cent.

Best of Express Premium
UPSC Key-July 4, 2022: Why to read ‘floating solar plants’ or ‘malnutriti...Premium
DMK MP Raja’s heated pitch on ‘separate Tamil Nadu’, au...Premium
UPSC Essentials: Key terms of the past weekPremium
ExplainSpeaking: Despite the fall, are Indian stock markets still overval...Premium

“Indian markets opened marginally positive tracking mixed Asian market peers as data showed Chinese economy grew at 8.1 per cent in 2021, marginally lower than expectations of 8.4 per cent.

“During the afternoon session, markets showed some strength and traded in positive territory as traders were getting relief, as foreign portfolio investors (FPIs) reversed the three-month selling streak in January by investing a net Rs 3,117 crore in Indian markets. However, the gains were capped during the day due to subdued performance by financials, IT and healthcare,” Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers, said.

The rupee slipped by 9 paise to close at 74.24 (provisional) against the US dollar.

Elsewhere in Asia, bourses in Shanghai and Tokyo ended up, while Hong Kong and Seoul closed in the red. Stock exchanges in Europe were trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude slipped 0.26 per cent to USD 85.84 per barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 1,598.20 crore on Friday, according to stock exchange data.

Express Explained Go beyond the news. Understand the headlines with our Explained stories

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement