Indian stock markets rose sharply on Wednesday, April 29, benchmark indices Sensex and Nifty surging more than 1 per cent each as strong earnings, rising hopes for sooner end to the raging war in the Middle East and other factors boosted investor sentiment.
30-share BSE Sensex rallied 609.45 points or 0.79 per cent to close at 77,496.36 while NSE Nifty gained 181.95 points or 0.76 per cent to end 24,177.65, respectively.
Sensex Heatmap: Top gainers and losers
Stock Market Today: Quick Highlights
- Nifty 50 closes in green, gains 0.7% , closes above the 24,150 mark
- Top performers: ITC and Tech Mahindra
- Worst Performers: Dr Reddy’s Laboratories and Indigo
- Nifty Bank closes flat
- Nifty Midcap closes flat
- Nifty Smallcap gains for the 3rd consecutive sessions, advances ~0.57%
- All sectoral indices closes in green except for PSU Bank
- Nifty FMCG , gains 1.7%,Mainly led by ITC and Radico Khaitan
- Nifty Realty gains 1.4% ,Lodha and Aditiya Birla Real Estate were the top performers
- Nifty Auto gains 1.15% , Maruti Suzuki and Mahindra & Mahindra led the gains
- Nifty IT advances 1%, Mainly led by Tech Mahindra and Infosys
- Nifty Metal closes in green for the 3rd consecutive session advances 0.5%; mainly Vedanta and Welspun were the top gainers
- Nifty Pharma closes in green, advances 0.4%, Mainly led by Sun Pharma and Ajanta
- Nifty Energy closes flat
- Nifty PSU Bank closes in red, loses 0.55% , dragged down by Union Bank and Indian Bank
Dilip Parmar – Senior Research Analyst, HDFC Securities, said, “The Indian rupee hit a record low close as rising crude oil prices and a surging US dollar weighed on the currency. Also, the domestic liquidity remained tight as importer demand outpaced supply, while the central bank stayed on the sidelines. We see USDINR trading between 94.10 to 95.15 with positive bias.”
