1. Indian markets hit new record highs today, Sensex crossed the 76K mark intraday while Nifty crossed the 23,100 mark for the very first time. However, at closing markets closed in the red and were mostly flattish
2. The reason behind the fall was losses in energy and auto stocks
3. Sensex closed at 75,390 level while Nifty was at 22, 932 at closing
4. Top losers were Wipro, NTPC, Sun Pharma, M&M, ITC and RIL (all these fell up to 2.3%)
5. Top gainers were IndusInd Bank, Axis Bank, Bajaj Finance, and HDFC Bank
6. India VIX was up 6.8% today. The volatility index has surged almost 90% in the last one month
7. Cochin Shipyard closed 3.1% higher after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income.
8. Divi’s Laboratories shares also surged over 3% after it reported a nearly 68% rise in March-quarter net profit.
9. Sector wise: Nifty Media, Metal, and Oil & Gas closed 0.5% to 1% lower, while Nifty Bank, Financial Services, IT, Realty, and Consumer Durables closed higher.
10. UK and US markets were closed on Monday. Global shares rose as investors anticipated upcoming inflation data, which could lead to a European rate cut next week and a U.S. policy easing within months. MSCI’s broadest index of stocks gained 0.2%.
Oil prices were little changed. The Brent crude July contract was up 21 cents at $82.33 a barrel while US West Texas Intermediate (WTI) crude futures were up 23 cents at $77.95. The Indian rupee closed slightly down due to dollar demand and closed at 83.13 against the US dollar.
