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Sensex, Nifty up nearly 1 per cent on gains in auto, IT stocks

Sensex, Nifty up nearly 1 per cent on gains in auto, IT stocks


Mumbai, June 23

Equity benchmark indices Sensex and Nifty closed nearly 1 per cent higher on Thursday led by gains in banking, IT and auto stocks amid mixed global trends.

The 30-share BSE Sensex closed 443.19 points or 0.86 per cent higher at 52,265.72. During the day, it closed at 52,516.79, up 694.26 points or 1.33 per cent.

The NSE Nifty ended 143.35 points or 0.93 per cent higher at 15,556.65.

From the Sensex pack, Maruti, M&M, Asian Paints, Bharti Airtel, TCS, Sun Pharma, Wipro, ICICI Bank and Hindustan Unilever were the major gainers.

On the other hand, Reliance Industries, NTPC, Power Grid and UltraTech Cement were lagging behind.

Meanwhile, the rupee on Thursday settled at an all-time low of 78.32 (provisional) against the US dollar, as a firmer US currency and frequent foreign fund outflows weighed on investor sentiments. In the interbank forex market, the local currency opened at 78.26 and finally closed at its all-time low at 78.32, unchanged from its previous close.

Elsewhere in Asia, markets in Hong Kong, Shanghai and Tokyo ended with gains while Seoul closed lower. European markets were trading in the red in mid-session deals.

On Wednesday, US markets closed with a slight decline.

“Indian markets opened on a positive note following Asian market peers, which were mostly trading in the green led by China. Markets pared some of their gains during the afternoon session as European markets turned bearish fears. Struggled to clear the market but managed to trade green,” said Narendra Solanki, Head – Equity Research (Fundamentals), Anand Rathi Shares & Stock Brokers.

The 30-share BSE Sensex closed at 51,822.53, down 709.54 points or 1.35 per cent on Wednesday. The NSE Nifty ended 225.50 points or 1.44 per cent lower at 15,413.30.

Meanwhile, international oil benchmark Brent crude fell 1.92 per cent to $109.60 a barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 2,920.61 crore on Wednesday, according to exchange data.

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Sensex, Nifty up nearly 1 per cent on gains in auto, IT stocks

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