Last Updated: December 11, 2023, 16:21 IST
Sensex right this moment: Key benchmark indices scaled newer heights on Friday on the again of optimistic momentum in choose banking, metallic and IT shares.
The S&P BSE Sensex scaled a excessive of 70,058, and finally ended 103 factors increased at 69,929. The NSE Nifty 50 hit a excessive of 21,026, and settled with a achieve of 28 factors at 20,997.
UltraTech Cement was the highest gainer among the many Sensex 30 shares, it jumped 3.5 per cent. Nestle India, Power Grid Corporation, IndusInd Bank, JSW Steel, Tata Motors and NTPC had been the opposite distinguished gainers. On the flip aspect, Axis Bank, Mahindra & Mahindra and Hindustan Unilever slipped round a per cent every.
Among particular person shares, Dr Reddy shed 5 per cent after Antique Stock Broking flagged an ‘imminent’ warning letter from the US drug regulator on DRL’s formulations technical operation unit-3 (FTO-3) in Bachupally, Hyderabad. Read More
The broader indices outperformed. The BSE MidCap index jumped 0.9 per cent, whereas the SmallCap added 0.7 per cent.
Meanwhile, the Nifty PSU Bank index additionally hit a brand new excessive and was the highest out-performer of the day.
Global Cues
In Asia, Hong Kong and mainland China shares–CSI 300, Hang (*103*)–misplaced over 1 per cent on persistent deflationary pressures. China’s inflation fell by 0.5 per cent YoY, forward of expectations. Nikkei, in the meantime, surged practically 2 per cent on bets the central financial institution might not increase charges subsequent week.
