Tuesday, May 20, 2025
spot_img

Indian stock market ends higher, realty sector shines

Date:

Share post:

spot_imgspot_img

Mumbai, Jan 15: India’s domestic benchmark indices ended higher on Wednesday as the realty sector closed in green after a gain of 1.39 per cent. Sensex ended at 76,724.08, up by 224.45 points, or 0.29 per cent, and Nifty settled at 23,213.20, up by 37.15 points, or 0.16 per cent. Nifty Bank ended at 48,751.70, up by 22.55 points, or 0.05 per cent.

The Nifty Midcap 100 index closed at 53,899 after climbing 222.50 points, or 0.41 per cent, while the Nifty Smallcap 100 index closed at 17,353.95 after adding 96.15 points, or 0.56 per cent. According to experts, the domestic market continues to be volatile on account of elevated US bond yields, strengthening dollar, and increasing foreign institutional investors (FIIs) outflows.

“Global markets are cautious ahead of the US December CPI inflation data, which is anticipated to be in the elevated range in the short-term, limiting Federal Reserve’s ability to cut rates. Also, a rise in oil prices & dollar appreciation is likely to affect domestic inflation in the near future,” they said.

On the Bombay Stock Exchange (BSE), 2,152 shares ended in the green and 1,802 shares in the red, whereas there was no change in 110 shares. In the Sensex pack, Zomato, NTPC, Power Grid, Kotak Mahindra Bank, Maruti Suzuki, Tech Mahindra, L&T, Adani Ports, SBI, HCL Tech, UltraTech Cement, Infosys, Bharti Airtel and Hindustan Unilever Limited were the top gainers. Whereas, M&M, Axis Bank, Bajaj Finserv, Bajaj Finance, Tata Motors, Nestle India, Sun Pharma and Asian Paints were the top losers.

“Another day of choppy trades was witnessed as the market lacked direction. However, sentiment is likely to favour a recovery in the short term, with the potential to reach 23,400 on the higher end,” said Rupak De from LKP Securities. In the meantime, FIIs sold equities worth Rs 8,132.26 crore on January 14, on the other hand domestic institutional bought equities worth Rs 7,901.06 crore on the same day.

IANS

spot_imgspot_img

Related articles

NEP a distant dream in St Anthony’s College

Editor, I wish to bring to your kind attention some pressing concerns regarding the implementation of the National Education...

Case for Winter Capital in Tura

The Garo Hills have long been relegated to the background and it would be fair to say that...

Mynser and the Legacy of the Kherwang Khasis

By Bhogtoram Mawroh A couple of weeks ago, Pynshngainlang Rattane, President of the UKPO (United Khasi Peoples’ Organisation), Karbi...

A Pine Mount for Every District!

By Avner Pariat The Education sector in Meghalaya stands at a crucial crossroads. While education is universally acknowledged as...