Sensex opens at record high, Nifty above 23,500 - Hindustan Times
close_game
close_game

Sensex opens at record high, Nifty above 23,500

Jun 19, 2024 09:56 AM IST

The NSE Nifty 50 was up 0.31% at 23,629.85, while the S&P BSE Sensex added 0.31% to 77,543.22.

Indian shares tracked global equities higher with the benchmark indexes hitting record highs at the open as soft US retail sales data reinforced expectations of an early rate cut by the Federal Reserve. The NSE Nifty 50 was up 0.31% at 23,629.85, while the S&P BSE Sensex added 0.31% to 77,543.22. Twelve of the 13 major sectors logged gains. Forty-six of Nifty 50 companies advanced.

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)
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)

Read more: Melinda French Gates on ‘wonderful’ life after divorce from Bill Gates: ‘Was horrible then…’

Small- and mid-caps also rose 0.5% and 0.35%, respectively, to all-time high levels. Wall Street equities closed higher overnight, with the S&P 500 and Nasdaq Composite closing at record high levels, as weaker-than-expected US retail sales data signalled cooling inflation.

Read more: Jensen Huang richer than Mukesh Ambani as Nvidia CEO's net worth up 2280% in 5 years

The data led to a small boost in rate cut expectations for September to 61.1% from 56.7%.

Top gainers in Sensex

Among the 30 Sensex companies, IndusInd Bank, ICICI Bank, JSW Steel, Axis Bank, Kotak Mahindra Bank, Infosys, Tata Consultancy Services and HDFC Bank were the biggest gainers. Titan, NTPC, Power Grid and Bajaj Finance were among the laggards.

Read more: Elon Musk says he ‘generally loves history’. Proof: His favourite podcasts' list

What about Asian markets?

In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.

FII tracker

Foreign Institutional Investors (FIIs) bought equities worth 2,569.40 crore on Tuesday, as per exchange data.

Read more: Zerodha's Nithin Kamath is very worried about the food we eat: ‘Is atta safe…’

How stock market closed on Tuesday?

The BSE benchmark climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14 on Tuesday. The Nifty went up by 92.30 points or 0.39 per cent to hit a record closing high of 23,557.90.

Stay updated with the...
See more
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Breaking News Events and Latest News Updates on Hindustan Times.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, September 09, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On