Stock Market Today at Closing: Indian stock markets rose for a third straight session, with the benchmark Sensex rising over 500 points, driven by a positive trend in global markets, optimism over a US-Iran peace deal framework, cooling crude oil prices, and lower volatility. IT and auto stocks led gains, while metals lagged.
30-share BSE Sensex today gained 544.15 points or 0.71 per cent to end at 76,808.48, while NSE Nifty50 advanced 135.25 points or 0.57 per cent to close at 23,989.15, respectively.
Sensex Heatmap Today, June 16: Top gainers and losers
Dilip Parmar, Research Analyst, HDFC Securities, said, “The Indian rupee continues to exhibit a firm undertone, extending its northbound trajectory amid a favourable macro backdrop. The recent decline in crude oil prices has provided meaningful support to the currency by easing external sector pressures. Concurrently, a pickup in global risk appetite has reinforced flows into emerging market assets, benefitting regional currencies, including the rupee.
In the near term, USDINR is expected to maintain a downward bias, with spot levels likely to gravitate towards 94.10. On the upside, 95.20 is expected to act as a near-term resistance, capping any intermittent corrective moves.”
