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Share Market Today Updates: Sensex climbs 157 points, Nifty settles above 17,300-mark

Share Market News, Stock Market Today, Sensex, Nifty Share Prices: The S&P BSE Sensex rose 156.63 points (0.27 per cent) to end at 58,222.10 while the Nifty 50 inched 57.50 points (0.33 per cent) to settle at 17,331.80.

Share Market | Stock Market | Sensex NiftySensex Nifty Share Price: Staffs working at a Kolkata based stock broking agency. (Express photo by Partha Paul)

Share Market News Today, October 06: The benchmark equity indices on the BSE and National Stock Exchange (NSE) gave up some of their intraday gains and ended nearly 0.3 per cent higher on Thursday taking cues from the global market.

The S&P BSE Sensex rose 156.63 points (0.27 per cent) to end at 58,222.10 while the Nifty 50 inched 57.50 points (0.33 per cent) to settle at 17,331.80. Both the indices had opened 0.8 per cent higher earlier in the day and traded in the green throughout the session with the BSE benchmark hitting a high of 58,578.76 and the broader Nifty touching 17,428.80.

On the Sensex pack, Tata Steel, Larsen & Toubro (L&T), HCL Technologies, ICICI Bank, Infosys, Axis Bank, Sun Pharmaceutical Industries and Wipro were among the top gainers on Thursday while Bharti Airtel, Hindustan Unilever, Housing Development Finance Corporation (HDFC), IndusInd Bank, Bajaj Finance and HDFC Bank were the top losers.

Among sectoral indices, the Nifty Metal index surged 3.25 per cent, Nifty Media rose 2.73 per cent and Nifty Realty climbed 2.08 per cent. In contrast, Nifty FMCG fell 0.43 per cent and Nifty Pharma slipped 0.34 per cent.

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In the broader market, the S&P BSE MidCap index rose 282.90 points (1.13 per cent) to end at 25,424.08 while the S&P BSE SmallCap climbed 373.14 points (1.30 per cent) to settle at 29,096.16.

“The Indian market is maintaining its resilience despite mixed cues from global equities and surging oil prices. Both domestic and foreign investors are supporting the rally. The market was also bolstered by expectations on Q2 results session, with improvement in sectors like Metal, IT, and Reality. However, the decision of OPEC to significantly reduce output has increased oil prices, which is slightly unfavourable for importers like India,” said Vinod Nair, Head of Research at Geojit Financial Services.

Global Markets (from AP)

Global stock markets advanced on Thursday after strong US hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices.

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London, Frankfurt and Tokyo gained. Hong Kong declined. Mainland Chinese markets were closed for a holiday.

Wall Street futures edged lower after US stocks fell on Wednesday following a report by payroll processor ADP that employers added 208,000 jobs in September. That showed parts of the economy are still strong, giving ammunition to Fed officials who say more rate hikes are needed to cool inflation that is at a four-decade high.

In early trading, London’s FTSE 100 was up less than 0.1 per cent at 7,059.11. The DAX in Frankfurt gained 0.7 per cent to 12,610.37 and the CAC 40 in Paris added 0.4 per cent to 6,006.97. On Wall Street, the future for the benchmark S&P 500 index was down 0.2 per cent. That for the Dow Jones Industrial Average lost 0.1 per cent.

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In Asia, Tokyo’s Nikkei 225 rose 0.7 per cent to 27,311.30 while the Hang Seng in Hong Kong lost 0.4 per cent to 18,012.15. The Kospi in Seoul surged 1 per cent to 2,237.86 while Sydney’s S&P ASX 200 lost less than 0.1 per cent to 6,817.50. New Zealand declined while Southeast Asian markets gained.

First published on: 06-10-2022 at 09:30:19 am
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