HomeCURRENT AFFAIRSBUSINESSStock Market Today: Sensex breaches 62000, Nifty crosses 18600

Stock Market Today: Sensex breaches 62000, Nifty crosses 18600

Stock Market Today: The domestic indices NSE Nifty 50 and BSE Sensex opened in green today, according to trade activity. On the Singaporean exchange, Nifty futures were trading at 18,722, up 174 points and the Sensex has surpassed 6

62000

By crossing the 18,600 threshold, the NSE Nifty 50 reached a new high for the year 2023. To close at 18,499, up 0.97%, the index gave up that level. The sensex increased by more than 1% during the day, regaining and closing above the 62,000 level.

FIIs, DIIs net buyers

According to preliminary data made public on the NSE, domestic institutional investors (DII) net acquired shares worth Rs 1,840.98 crore, whilst foreign institutional investors (FII) net purchased shares for net Rs 350.15 crore.

Stock Market Today: Asian markets trade favorably

On the strength of encouraging Wall Street signals, shares in the Asia-Pacific region were trading in the green. While the Nikkei 225 in Japan surged 1.39%, China’s Shanghai Composite increased in trade by 0.4%. South Korea’s Kospi increased 0.16%, while Hong Kong’s Hang Seng index increased by 0.26%. Taiwan’s weighted index increased by 0.88%.

Gold Rate Update

Considering the possibility of a last-minute debt ceiling agreement and the hotter-than-expected U.S. inflation measure, gold gave up some of its gains on Friday and was headed for its third consecutive weekly loss.

After rising as high as 0.9 percent earlier, spot gold was up 0.35 percent at $1,947.09 per ounce. At $1,944.30, U.S. gold futures were largely unchanged.

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