Sensex up 515 pts

Sensex up 515 pts: CLOSING BELL: Easing CPI figures reduced the probability of a 75-bps rate hike in the upcoming US FOMC meeting

Stock market highlights: Lower-than-expected inflation in the US bolstered equities across the globe as investors turned to riskier assets. Hopes that the US Federal Reserve may go slow on its rate hike plan pumped up equities, cooled off bond yields and supported the Indian rupee. The US retail inflation for July came in at 8.5 percent, as against an estimated 8.7 percent, and 9.1 percent in June.

“While the CPI continues to hover near a four-decade high, easing CPI figures reduced the probability of a 75-bps rate hike in the upcoming US FOMC meeting. Before this number came in, there was a 68 percent probability that the Fed would hike another 75 bps in the next FOMC meeting. While we do understand these numbers are higher than the US Fed’s comfort level of 2 percent, the fact of the matter is that inflation has started inching downwards, giving great comfort to investors. That being said, with the way crude prices are declining, it could further ease by the time US inflation data comes in next month,” said Sunil Damania, Chief Investment Officer, MarketsMojo.

Market HIGHLIGHTS: Sensex ends 515 pts up, above 59300, Nifty tops 17650 on F&O expiry; HDFC, ICICI Bank lead

Back home, the S&P BSE Sensex surged 515 points, or 0.88 percent, to end at 59,332. The Nifty50, meanwhile, advanced 124 points, or 0.71 percent, to settle at 17,659.

Axis Bank, IndusInd Bank, HDFC, Tech M, Bajaj Finance, SBI, and Wipro added over 2 percent each, while TCS, Kotak Bank, Titan, ICICI Bank, Infosys, and HCL Tech rallied between 1 and 2 percent. On the flip side, Tata Consumer Products, Apollo Hospitals, ITC, NTPC, Airtel, and HUL were the top laggards.

From a sectoral viewpoint, the Nifty PSB index gained the most, up 2.3 percent, followed by the Nifty IT index, up 1.8 percent. 

Meanwhile, in the broader market, the BSE MidCap and SmallCap indices edged between 0.5 percent and 0.8 percent higher.

Share Market Highlights: Sensex ends 465 pts higher; Nifty above 17500; Reliance, HDFC twins lead gains

Global markets

European markets were mixed on Thursday as investors assessed their monetary policy expectations after a cooler-than-expected US inflation print, and digested a raft of corporate earnings. The pan-European Stoxx 600 hovered 0.1 percent higher in early trade, with oil and gas stocks climbing 1.4 percent while basic resources fell 0.7 percent. 

Shares in Asia-Pacific, too, climbed. Hong Kong’s tech-heavy Hang Seng index led gains, up 2.4 percent, as the tech sector benefited from the prospect of less aggressive interest rate hikes.

US stock futures ticked up to 0.3 percent higher in early premarket trade as Wall Street looks to build on a surge that took the S&P 500 to its highest point since early May.

భారీ లాభాలు, సెన్సెక్స్‌ మళ్లీ 59 వేల పాయింట్ల ఎగువకు

“As softer than expected US inflation data suggested a slower pace of rate hike, the global market encouraged optimism. US CPI inflation smoothened to 8.5 percent in July as lower energy prices offset the increase in food and shelter cost. Domestic investors await the release of India’s inflation data due today, which is expected to show a decline in inflation trend on an MoM basis.”

Apollo Tyres, Bajaj Electricals, Bajaj Healthcare, Bharat Dynamics, BGR Energy, Coffee Day, Eros Media, Finolex Cables, Grasim, Hindustan Aeronautics, Hero MotoCorp, Hindustan Oil Exploration, Indiabulls Realestate, India Cements, IVRCL, Muthoot Finance, Power Finance Corporation, RCF, Reliance Communications, Texmaco Rail, Varroc Engineering and Wockhardt and Zee Entertainment are some of the notable companies to report June quarter earnings tomorrow.

Sensex Today Live: Closing Bell: Sensex ends 515 pts higher 

https://economictimes.indiatimes.com › Markets › Stocks

10 minutes ago — Closing Bell: Sensex ends 515 pts higher, Nifty tops 17,600; IGL rallies 7%, Zomato 3% · 04:43 PM. As softer than expected US inflation data 

Sensex Rises 515 pts, Nifty Settles Above 17650 – News18

https://www.news18.com › news › business › markets

1 hour ago — Stock Market Today: The Indian equity markets opened on an upbeat note on Thursday morning amid supportive global cues. At 09:16 IST, the Sensex 

Sensex up 515.31 pts – UNITED NEWS OF INDIA

http://www.uniindia.com › business-economy › news

1 hour ago — Sensex up 515 31 pts Mumbai, Aug 11 (UNI) The BSE Sensex on Thursday rallied 515.31 pts at 59,332.60 following gains in Bankex, IT and Finance 

Sensex up 515.31 pts – UNITED NEWS OF INDIA

http://www.uniindia.com › sensex-up-515-31-pts › news

1 hour ago — Mumbai, Aug 11 (UNI) The BSE Sensex on Thursday rallied 515.31 pts at 59,332.60 following gains in Bankex, IT and Finance stocks.

Nifty ends above 17600, Sensex rises 515 pts led by IT, realty 

https://www.moneycontrol.com MARKETS

44 minutes ago — Except FMCG, all other sectoral indices ended in the green with bank, capital goods, Information Technology, PSU Bank and realty up 1-2 percent.

Market HIGHLIGHTS: Sensex ends 515 pts up, above 59300 

https://www.financialexpress.com › market

15 minutes ago — BSE Sensex jumped 515 points or 0.9 per cent to end at 59,333, while NSE Nifty 50 gained 124 points or 0.7 per cent to settle at 17,659. Stocks 

Share Market Update: Sensex rises 515 pts, Nifty above 

https://www.businesstoday.in › MARKETS › Stocks

8 hours ago — Sensex rises 515 points to 59,332 and Nifty closes 106 points higher at 17,640. The stock market ended on a flat note on Wednesday, 

സെന്‍സെക്‌സ് 515 പോയന്റ് Mathrubhumi

https://www.mathrubhumi.com › Money › Stock Market

26 minutes ago — Content Highlights: Sensex up 515 pts, Nifty tops 17,650 · Share this Article · വിപണി കുതിച്ചു; സെന്‍സെക്‌സില്‍ 585 

Pulse by Zerodha – Latest financial and market news from all 

https://pulse.zerodha.com

50 minutes ago — Sensex up 515 pts, Nifty tops 17,650 on lower-than-expected US inflation. CLOSING BELL: Easing CPI figures reduced the probability of a 75-bps rate hike in 

Sensex, Nifty climb to over 4-month highs tracking global peers

https://www.timesnownews.com markets

28 minutes ago — The BSE gauge opened gap up above the psychological 59000-mark and touched the intraday high of 59485, before easing some of the gains.

భారీ లాభాలు, సెన్సెక్స్‌ మళ్లీ 59 వేల పాయింట్ల ఎగువకు – Sakshi

https://www.sakshi.com › Business

1 hour ago — సెన్సెక్స్‌ 515పాయింట్లు ఎగిసి 59332 వద్ద, నిఫ్టీ 124 పాయింట్ల లాభంతో 17659 వద్ద 

Stock market HIGHLIGHTS: Sensex settles over 700 pts with 

https://www.cnbctv18.com › market › stocks

01-Apr-2022 — At close, the Sensex was up 708 points or 1.2 percent at 59,276, and the Nifty was up 205 points or 1.18 percent at 17,670.

Sensex jumps 515 pts Nifty | Latest Share Market News | 1250128

https://www.gwcindia.in › Detailed-News › End-Session

Reliance Industries (up 3.13%), ICICI Bank (up 2.95%) and ITC (up 1.76%) boosted the indices. In the broader market, the BSE Mid-Cap index rose 0.45% and the 

 

 

SOURCE URL

 

Leave a Reply

Your email address will not be published.