Indian benchmark indices, the Sensex and Nifty, surged over one percent, driven by a global market recovery. At the close, the Sensex, which tracks 30 companies, was up 820 points, or 1.04 percent, at 79,706. Meanwhile, the Nifty 50 gained 250 points, or 1.04 percent, to end at 24,367. The broader markets also showed strength, with the Mid Cap index soaring 1.21 percent, while the Small Cap index rose by 0.79 percent. In the Sensex index, 28 out of 30 companies traded in positive territory. The top gainers today were Tech Mahindra (2.74 percent), Tata Motors (2.51 percent), and Mahindra & Mahindra (2.46 percent). Conversely, the major laggards were Kotak Bank (0.20 percent) and Sun Pharma (0.01 percent). In sectoral indices at the BSE, all 20 sectors recorded gains: IT (1.59 percent), Consumer Discretionary (1.57 percent), and Realty (1.56 percent). The overall market breadth at the BSE was positive, with out of 4,006 companies, 2,330 advancing, 1,579 declining, and 97 remaining unchanged.
Site Admin | August 9, 2024 7:36 PM
Market Update: Sensex, Nifty surge over 1%
In the forex market today, the Indian rupee appreciated marginally and ended at 83.95 against the U.S. dollar. The dollar index, which indicates the U.S. dollar’s strength against a basket of six other leading currencies, nudged higher to 103.21 in intraday trade.
Major Asian indices exhibited mixed trends today. South Korea’s Kospi gained 1.22 percent, Hong Kong’s Hang Seng Index increased 1.16 percent, and Japan’s Nikkei was up by 0.55 percent. Meanwhile, China’s Shanghai Composite Index declined by 0.27 percent. All three major European indices were trading in the green today. France’s CAC 40 gained 0.52 percent, London’s FTSE increased 0.49 percent, and Germany’s DAX was up by 0.4 percent when reports last came in.
