Sensex & Nifty
Nifty and Sensex both closed in the green today in a highly volatile market. The markets were led by private banks and metal stocks but a dip in pharma stocks capped gains.
Sensex closed at 77,478 while the Nifty ended at 23,567.
Gainers and losers of the day:
From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank were the top gainers and rose over 1% each. Sun Pharma, M&M, NTPC, SBI, and Wipro were the top losers.
Sector-wise performance:
Nifty Pharma index dropped 0.5%, dragged by heavyweight Sun Pharma, which closed 2.2% lower after its Dadra facility received a warning letter from the U.S. drug regulator. Sun Pharma was the top Sensex loser.
The private bank index rose 1.16% after Macquarie said it preferred them, given a stable asset quality outlook and attractive valuations.
Nifty Metal index gained 1.8%, after top consumer China reiterated it will stick to a supportive monetary stance, boosting sentiment.
Nifty Realty index also closed 2% higher, led by Prestige, Lodha, and Oberoi Realty.
Global Markets
Global shares held around record highs on Thursday, mainly due to investor confidence in the prospect of a drop in U.S. interest rates this year.
The MSCI All-World index was steady at 805.19. The U.S. markets were closed for a public holiday.
Crude Oil & Rupee
Brent oil futures were steady on Thursday, hovering slightly below seven-week highs as the market awaited U.S. inventory data.
August Brent crude futures were at $85.39 per barrel. US WTI futures for July were at $81.32.
The Indian rupee fell to a record low and ended at a closing low of 83.6525.
