Indian indices opened at fresh record high today (June 13). The Sensex was up 379.66 points or 0.50 per cent at 76,986.23 and Nifty was up 118.00 points or 0.51 per cent at 23,441.00. About 2123 shares advanced, 346 shares declined, and 107 shares unchanged. On the Nifty, major gainers included Nestle, Divis Labs, HDFC Life, Shriram Finance and LTIMindtree. Top Nifty losers were HUL, Britannia, Tata Consumer and ICICI Bank.
Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)
{{^htLoading}} {{/htLoading}}
IT firms, which gain a chunk of their revenue from the US, jumped 1.1% today as US consumer prices were unexpectedly unchanged in May while core prices grew at their slowest annual pace in over three years.
US Fed Chair Jerome Powell said that inflation was still too high and that rate cut expectations have been pushed out. The central bank held rates steady, as expected. Owing to this domestic-rate sensitive financials also climbed 0.6%, with HDFC Life Insurance rising about 3%.
The Nifty 50 has hit all-time highs thrice in four sessions this week following Lok Sabha election results and government formation which signalled policy continuity. The Reserve Bank of India (RBI) also raised its economic growth forecast while India's retail inflation eased slightly in May, helped by a drop in fuel prices, although food inflation rose year-on-year.
{{/usCountry}}
{{#usCountry}}
The Nifty 50 has hit all-time highs thrice in four sessions this week following Lok Sabha election results and government formation which signalled policy continuity. The Reserve Bank of India (RBI) also raised its economic growth forecast while India's retail inflation eased slightly in May, helped by a drop in fuel prices, although food inflation rose year-on-year.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Sensex, Nifty at fresh record high as stock market cheers US Fed rate outcome
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
