Market ended higher for the third consecutive session on April 1 with Nifty around 22,450.
At close, the Sensex was up 363.20 points or 0.49 percent at 74,014.55, and the Nifty was up 135.10 points or 0.61 percent at 22,462.00. About 3015 shares advanced, 572 shares declined, and 112 shares unchanged.
Tata Steel, JSW Steel, Adani Ports, Shriram Finance and Divis Labs are among the top gainers on the Nifty, while losers are Eicher Motors, Titan Company, Bajaj Auto, LTI Mindtree and Nestle.
Except Auto, all other sectoral indices ended in the green with metal, power, capital goods, healthcare, realty up 1-4 percent, while oil & gas, Information Technology, bank up 0.5 percent each.
The BSE midcap index rose 1.6 percent and the small cap index gained nearly 3 percent.
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Closing Bell:
Nifty above 22,450, Sensex gains 400 pts; except auto, all sectors in the green.
Sensex Today | Stock Market LIVE Updates: Tata Steel, JSW Steel, Adani Ports, Shriram Finance and NTPC are among the top gainers on the Nifty, while losers are Eicher Motors, Titan Company, Bharti Airtel, LTIMindtree and Nestle
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Closing Bell: Nifty above 22,450, Sensex gains 400 pts; except auto, all sectors in the green.
Sensex Today | Stock Market LIVE Updates: Tata Steel, JSW Steel, Adani Ports, Shriram Finance and NTPC are among the top gainers on the Nifty, while losers are Eicher Motors, Titan Company, Bharti Airtel, LTIMindtree and Nestle.
Mumbai, April 1 (IANS) Gold prices rose to a new lifetime high of $2,263.53 per ounce in the international market on Monday as geopolitical tensions increase in Central Asia, and the US Fed has signalled a rate cut. Tracking the rally in the international market, the MCX gold price in India (Gold Futures contract for April 2024 expiry) soared to a record high of Rs 69,487 per 10 gm in opening trade and was hovering at Rs 68,828 at 11:26 am.
“The rise in gold prices has been triggered by the US Fed signalling a rate cut…Gold has continuously been the fond asset class for central banking and safe-haven investment avenue,” said Colin Shah, Founder and MD of Kama Jewelry..
Crude Oil Prices Rose As Investors Anticipated Tighter Supplies.
Crude oil prices surged by 1.96% yesterday, settling at 6909, driven by investor anticipation of tighter supplies amidst expectations that the OPEC+ producer alliance would maintain current production cuts. Geopolitical tensions added to market apprehensions, raising concerns about potential supply disruptions. However, OPEC+ is unlikely to alter its oil output policy until a comprehensive ministerial meeting scheduled for June. The IEA revised its demand forecast upward for the fourth time since November, while also tightening its supply outlook due to ongoing disruptions in Red Sea shipping.
Dollar steady as inflation data boosts June rate cut bets; yen in focus.
The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention.
The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department’s Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast.
Crude Oil Prices Rose As Investors Anticipated Tighter Supplies.
Crude oil prices surged by 1.96% yesterday, settling at 6909, driven by investor anticipation of tighter supplies amidst expectations that the OPEC+ producer alliance would maintain current production cuts. Geopolitical tensions added to market apprehensions, raising concerns about potential supply disruptions. However, OPEC+ is unlikely to alter its oil output policy until a comprehensive ministerial meeting scheduled for June. The IEA revised its demand forecast upward for the fourth time since November, while also tightening its supply outlook due to ongoing disruptions in Red Sea shipping.
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Dollar steady as inflation data boosts June rate cut bets; yen in focus.
The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention.
The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department’s Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast.
